{"id":10104,"date":"2015-07-14T12:21:05","date_gmt":"2015-07-14T20:21:05","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=10104"},"modified":"2015-11-28T02:37:04","modified_gmt":"2015-11-28T10:37:04","slug":"analysis-futures-mini-russell-2000-economic-reports-7-15-2015","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/analysis-futures-mini-russell-2000-economic-reports-7-15-2015\/","title":{"rendered":"Analysis on Futures Mini Russell 2000 & Economic Reports 7.15.2015"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Wednesday July 15, 2015<\/a><\/strong>
\n<\/a><\/p>\n

Hello Traders,<\/strong><\/p>\n

For 2015 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

Voted #1 futures trading blog!<\/a><\/div>\n
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Hello Traders,<\/p>\n

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Mini Russell 2000 Testing Key Support Levels<\/h1>\n

I believe that as of late, the\u00a0<\/span>Russell 2000<\/a>\u00a0index and it’s\u00a0<\/span>future contract, the mini Russell 2000<\/a>\u00a0are the leaders in stock market behavior. With the recent sell off in equities, the big drop in China’s\u00a0<\/span>index<\/a>, and the 4% drop in the Nikkei this morning, I wanted to get more clues about what may lay ahead for our equities and I opened my daily Heiken-Ashi chart for mini Russell 2000.<\/span><\/h1>\n<\/div>\n
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What I see is a market that has tested key support areas right around the 1224 ( September contract) three times! I also measured the move down that we had between April 27th and May 6th, and the move down we currently have is almost the EXACT magnitude.<\/p>\n

While I believe that medium to longer term we should see a more meaningful correction for the short term, (i.e. the next few days) I think we will see a bounce from this levels as long as we can hold, and not close below 1224.<\/p>\n

<\/p>\n

A Number of Options<\/h2>\n

There are more than a few ways to play this, the first is to try and go long around 1230 and place a stop below the recent lows. Another is to wait for a close below this level and establish longer term\u00a0short positions<\/a>. In between the volatility, intraday provides MUCH range, opportunities and risk….<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

– See more at:\u00a0http:\/\/www.equities.com\/editors-desk\/investing-strategies\/trading\/mini-russell-2000-testing-key-support-levels#sthash.sl00KgAA.dpuf<\/a><\/p>\n<\/div>\n<\/div>\n

\"TFE<\/div>\n<\/div>\n
\n

\u00a0GOOD TRADING<\/strong><\/p>\n<\/div>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/p>\n

If you like Our Futures Trading Daily Support and Resistance Levels, Please share!<\/strong><\/p>\n

Futures Trading Levels<\/a><\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Sept. 2015<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2123.67<\/td>\n4582.25<\/td>\n18134<\/td>\n1284.83<\/td>\n98.17<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2114.58<\/td>\n4556.00<\/td>\n18060<\/td>\n1278.17<\/td>\n97.69<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2108.67<\/td>\n4537.00<\/td>\n18013<\/td>\n1273.33<\/td>\n97.25<\/td>\n<\/tr>\n
Pivot<\/td>\n2099.58<\/td>\n4510.75<\/td>\n17939<\/td>\n1266.67<\/td>\n96.77<\/td>\n<\/tr>\n
Support 1<\/td>\n2093.67<\/td>\n4491.75<\/td>\n17892<\/td>\n1261.83<\/td>\n96.33<\/td>\n<\/tr>\n
Support 2<\/td>\n2084.58<\/td>\n4465.50<\/td>\n17818<\/td>\n1255.17<\/td>\n95.85<\/td>\n<\/tr>\n
Support 3<\/td>\n2078.67<\/td>\n4446.50<\/td>\n17771<\/td>\n1250.33<\/td>\n95.41<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nAug. Gold<\/td>\nSept. Silver<\/td>\nAug. Crude Oil<\/td>\nSept. Bonds<\/td>\nSept. \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1165.5<\/td>\n15.71<\/td>\n56.31<\/td>\n150 14\/32<\/td>\n1.1207<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1162.3<\/td>\n15.60<\/td>\n54.82<\/td>\n150 1\/32<\/td>\n1.1152<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1158.2<\/td>\n15.47<\/td>\n53.86<\/td>\n149 22\/32<\/td>\n1.1084<\/td>\n<\/tr>\n
Pivot<\/td>\n1155.0<\/td>\n15.35<\/td>\n52.37<\/td>\n149 9\/32<\/td>\n1.1029<\/td>\n<\/tr>\n
Support 1<\/td>\n1150.9<\/td>\n15.22<\/td>\n51.41<\/td>\n148 30\/32<\/td>\n1.0961<\/td>\n<\/tr>\n
Support 2<\/td>\n1147.7<\/td>\n15.11<\/td>\n49.92<\/td>\n148 17\/32<\/td>\n1.0906<\/td>\n<\/tr>\n
Support 3<\/td>\n1143.6<\/td>\n14.98<\/td>\n48.96<\/td>\n148 6\/32<\/td>\n1.0838<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Corn<\/td>\nSept. Wheat<\/td>\nNov Beans<\/td>\nDec. SoyMeal<\/td>\nAug Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n464.6<\/td>\n592.5<\/td>\n1047.50<\/td>\n359.20<\/td>\n3.02<\/td>\n<\/tr>\n
Resistance 2<\/td>\n459.4<\/td>\n587.5<\/td>\n1042.00<\/td>\n356.90<\/td>\n2.98<\/td>\n<\/tr>\n
Resistance 1<\/td>\n449.1<\/td>\n579.3<\/td>\n1033.50<\/td>\n352.60<\/td>\n2.90<\/td>\n<\/tr>\n
Pivot<\/td>\n443.9<\/td>\n574.3<\/td>\n1028.00<\/td>\n350.30<\/td>\n2.86<\/td>\n<\/tr>\n
Support 1<\/td>\n433.6<\/td>\n566.0<\/td>\n1019.5<\/td>\n346.0<\/td>\n2.8<\/td>\n<\/tr>\n
Support 2<\/td>\n428.4<\/td>\n561.0<\/td>\n1014.00<\/td>\n343.70<\/td>\n2.75<\/td>\n<\/tr>\n
Support 3<\/td>\n418.1<\/td>\n552.8<\/td>\n1005.50<\/td>\n339.40<\/td>\n2.68<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:17pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
WedJul 15<\/td>\n<\/a>\u00a02:45am<\/td>\nEUR<\/td>\n<\/td>\nFrench CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nTentative<\/td>\nEUR<\/td>\n<\/td>\nGerman 10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n0.81|1.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\nAll Day<\/td>\nEUR<\/td>\n<\/td>\nEurogroup Meetings<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nPPI m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nCore PPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nEmpire State Manufacturing Index<\/td>\n<\/td>\n<\/td>\n3.4<\/td>\n-2.0<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:15am<\/td>\nUSD<\/td>\n<\/td>\nCapacity Utilization Rate<\/td>\n<\/td>\n<\/td>\n78.1%<\/td>\n78.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nIndustrial Production m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nFed Chair Yellen Testifies<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nCrude Oil Inventories<\/td>\n<\/td>\n<\/td>\n-2.0M<\/td>\n0.4M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:00pm<\/td>\nUSD<\/td>\n<\/td>\nBeige Book<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:00pm<\/td>\nUSD<\/td>\n<\/td>\nFOMC Member Williams Speaks<\/td>\n<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading.<\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Wednesday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67,61,344],"tags":[144,60,860,129],"class_list":["post-10104","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","category-futures-trading-2","category-indices","tag-futures-trading-levels","tag-mini-russell-2000","tag-russell-2000-index","tag-support-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=10104"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10104\/revisions"}],"predecessor-version":[{"id":10636,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10104\/revisions\/10636"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=10104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=10104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=10104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}