{"id":10957,"date":"2016-02-17T13:25:55","date_gmt":"2016-02-17T21:25:55","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=10957"},"modified":"2016-03-21T04:23:44","modified_gmt":"2016-03-21T12:23:44","slug":"different-type-trading-days-levels-2-18-2016","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/different-type-trading-days-levels-2-18-2016\/","title":{"rendered":"Different Type of Trading Days&#8211;Levels for 2.18.2016"},"content":{"rendered":"<p><strong>Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.<br \/>\n<\/strong><br \/>\n<a href=\"https:\/\/www.facebook.com\/futurestrading\" target=\"_new\" shape=\"rect\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"Like us on Facebook\" alt=\"Like us on Facebook\" src=\"https:\/\/imgssl.constantcontact.com\/ui\/images1\/ic_fbk_36.png\" width=\"36\" height=\"36\" align=\"null\" border=\"0\" \/><\/a><a href=\"https:\/\/twitter.com\/CannonFutures\" target=\"_new\" shape=\"rect\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"Follow us on Twitter\" alt=\"Follow us on Twitter\" src=\"https:\/\/imgssl.constantcontact.com\/ui\/images1\/ic_twit_36.png\" width=\"36\" height=\"36\" align=\"null\" border=\"0\" \/><\/a><a href=\"http:\/\/www.linkedin.com\/company\/cannon-trading\" target=\"_new\" shape=\"rect\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"View our profile on LinkedIn\" alt=\"View our profile on LinkedIn\" src=\"https:\/\/imgssl.constantcontact.com\/ui\/images1\/ic_lkdin_36.png\" width=\"36\" height=\"36\" align=\"null\" border=\"0\" \/><\/a><a href=\"https:\/\/plus.google.com\/108333829421906812060\" target=\"_new\" shape=\"rect\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"Find us on Google+\" alt=\"Find us on Google+\" src=\"https:\/\/imgssl.constantcontact.com\/ui\/images1\/g_36x36.png\" width=\"36\" height=\"36\" align=\"null\" border=\"0\" \/><\/a><a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/feed\/\" shape=\"rect\"><img loading=\"lazy\" decoding=\"async\" title=\"Get our Daily Support and Resistance Levels RSS Feed\" alt=\"Cannon Trading Futures Trading Resistance &amp; Support Levels and Economic Reports\" src=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2013\/04\/rss-feed-icon_supportandresistance.png\" width=\"36\" height=\"36\" align=\"null\" border=\"0\" \/><\/a><a href=\"http:\/\/www.yelp.com\/biz\/cannon-trading-company-beverly-hills-2\" target=\"_new\" shape=\"rect\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" title=\"Find us on Yelp\" alt=\"Find us on Yelp\" src=\"https:\/\/imgssl.constantcontact.com\/ui\/images1\/yelp_36x36.png\" width=\"36\" height=\"36\" align=\"null\" border=\"0\" \/><\/a><\/p>\n<p><strong>1.\u00a0<a href=\"#one\">Market Commentary<\/a><\/strong><br \/>\n<strong>2.\u00a0<a href=\"#two\">Futures Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong><br \/>\n<strong>3.\u00a0<a href=\"#two\">Commodities Support and Resistance Levels &#8211; Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong><br \/>\n<strong>4.\u00a0<a href=\"#two\">Commodities Support and Resistance Levels &#8211; Corn, Wheat, Beans, Silver<\/a><\/strong><br \/>\n<strong>5.\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/#five\">Futures Economic Reports for Wednesday February 17, 20<strong><\/strong><\/a><\/strong><a href=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/#five\"><strong>16<\/strong><\/a><\/p>\n<p><strong>Hello Traders,<\/strong><\/p>\n<p><em>For 2016 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/www.traderplanet.com\/star-awards\/\" target=\"_blank\" shape=\"rect\" rel=\"noopener\">Voted #1 futures trading blog!<\/a><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<div>\n<p>Greetings!<\/p>\n<p>In the last few weeks we witnessed &#8220;volatile trading&#8221; with high volume and some wild swings. Much different than the quiet days we had about a year ago&#8230;. which encouraged me to share the following with you on the different types of trading days:<\/p>\n<ul>\n<li>In my opinion there are 3 main types of trading days.<\/li>\n<\/ul>\n<p>1. The most common day are two sided trading action with swings up and down &#8211; this type of trading day is most suitable for using support and resistance levels along with overbought\/oversold indicators.<\/p>\n<p>2. Strong trending days, mostly one directional &#8211; this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most &#8211; this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.<\/p>\n<p>3. Slow and\/or choppy trading days &#8211; this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.<\/p>\n<p><!--more--><\/p>\n<ul>\n<li>A good question I&#8217;ve been asked is how can one asses what type of trading day we will have while the market is still trading&#8230;.I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:<\/li>\n<\/ul>\n<ol>\n<li>Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash\/stock market is open)<\/li>\n<li>Mondays have the highest chance for trending days<\/li>\n<li>The behavior of the first hour of trading can also suggests the type of action for the rest of the day.<\/li>\n<li>If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.<\/li>\n<li>Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)<\/li>\n<li>6. What type of environment has the market been in recently? if volatility is high, it will usually not die in an instant and vice versa&#8230;<\/li>\n<\/ol>\n<p><strong>TRADE SMART \/ TRADE SYSTEMS &#8212; for the\u00a0<a href=\"https:\/\/www.cannontrading.com\/futures_tradingsystems\/index\" target=\"_blank\" shape=\"rect\">current rankings<\/a>\u00a0as well as\u00a0<a href=\"https:\/\/www.cannontrading.com\/futures_tradingsystems\/actual_performance\" target=\"_blank\" shape=\"rect\">actual performance<\/a>\u00a0of trading systems traded at Striker,\u00a0<a href=\"https:\/\/www.cannontrading.com\/futures_tradingsystems\/system_trading\" target=\"_blank\" shape=\"rect\">click here.<\/a><\/strong><\/p>\n<p><strong><!--more-->GOOD TRADING<\/strong><\/p>\n<\/div>\n<div>\n<p>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<\/div>\n<div><strong>If you like Our Futures Trading Daily Support and Resistance Levels, Please share!<\/strong><\/div>\n<\/div>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/www.cannontrading.com\/\" target=\"_blank\" shape=\"rect\"> Futures Trading Levels<\/a><\/strong><\/p>\n<div>\n<table border=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td>Contract March 2016<\/td>\n<td>SP500<\/td>\n<td>Nasdaq100<\/td>\n<td>Dow Jones<\/td>\n<td>Mini Russell<\/td>\n<td>Dollar Index<\/td>\n<\/tr>\n<tr>\n<td>Resistance 3<\/td>\n<td>1985.58<\/td>\n<td>4380.17<\/td>\n<td>16936<\/td>\n<td>1049.00<\/td>\n<td>97.58<\/td>\n<\/tr>\n<tr>\n<td>Resistance 2<\/td>\n<td>1956.42<\/td>\n<td>4292.08<\/td>\n<td>16695<\/td>\n<td>1031.90<\/td>\n<td>97.35<\/td>\n<\/tr>\n<tr>\n<td>Resistance 1<\/td>\n<td>1939.83<\/td>\n<td>4244.42<\/td>\n<td>16557<\/td>\n<td>1020.50<\/td>\n<td>97.11<\/td>\n<\/tr>\n<tr>\n<td>Pivot<\/td>\n<td>1910.67<\/td>\n<td>4156.33<\/td>\n<td>16316<\/td>\n<td>1003.40<\/td>\n<td>96.88<\/td>\n<\/tr>\n<tr>\n<td>Support 1<\/td>\n<td>1894.08<\/td>\n<td>4108.67<\/td>\n<td>16178<\/td>\n<td>992.00<\/td>\n<td>96.64<\/td>\n<\/tr>\n<tr>\n<td>Support 2<\/td>\n<td>1864.92<\/td>\n<td>4020.58<\/td>\n<td>15937<\/td>\n<td>974.90<\/td>\n<td>96.41<\/td>\n<\/tr>\n<tr>\n<td>Support 3<\/td>\n<td>1848.33<\/td>\n<td>3972.92<\/td>\n<td>15799<\/td>\n<td>963.50<\/td>\n<td>96.17<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Contract<\/td>\n<td>Apr. Gold<\/td>\n<td>March Silver<\/td>\n<td>Apr. Crude Oil<\/td>\n<td>Mar. Bonds<\/td>\n<td>March \u00a0 Euro<\/td>\n<\/tr>\n<tr>\n<td>Resistance 3<\/td>\n<td>1234.5<\/td>\n<td>15.64<\/td>\n<td>36.55<\/td>\n<td>168 14\/32<\/td>\n<td>1.1251<\/td>\n<\/tr>\n<tr>\n<td>Resistance 2<\/td>\n<td>1224.5<\/td>\n<td>15.53<\/td>\n<td>34.99<\/td>\n<td>167 13\/32<\/td>\n<td>1.1219<\/td>\n<\/tr>\n<tr>\n<td>Resistance 1<\/td>\n<td>1216.3<\/td>\n<td>15.41<\/td>\n<td>33.94<\/td>\n<td>166<\/td>\n<td>1.1178<\/td>\n<\/tr>\n<tr>\n<td>Pivot<\/td>\n<td>1206.3<\/td>\n<td>15.30<\/td>\n<td>32.38<\/td>\n<td>164 31\/32<\/td>\n<td>1.1145<\/td>\n<\/tr>\n<tr>\n<td>Support 1<\/td>\n<td>1198.1<\/td>\n<td>15.19<\/td>\n<td>31.33<\/td>\n<td>163 18\/32<\/td>\n<td>1.1104<\/td>\n<\/tr>\n<tr>\n<td>Support 2<\/td>\n<td>1188.1<\/td>\n<td>15.08<\/td>\n<td>29.77<\/td>\n<td>162 17\/32<\/td>\n<td>1.1072<\/td>\n<\/tr>\n<tr>\n<td>Support 3<\/td>\n<td>1179.9<\/td>\n<td>14.96<\/td>\n<td>28.72<\/td>\n<td>161 4\/32<\/td>\n<td>1.1031<\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>Contract<\/td>\n<td>Mar. Corn<\/td>\n<td>Mar. Wheat<\/td>\n<td>Mar Beans<\/td>\n<td>Mar. SoyMeal<\/td>\n<td>March Nat Gas<\/td>\n<\/tr>\n<tr>\n<td>Resistance 3<\/td>\n<td>374.3<\/td>\n<td>479.0<\/td>\n<td>893.42<\/td>\n<td>268.67<\/td>\n<td>2.04<\/td>\n<\/tr>\n<tr>\n<td>Resistance 2<\/td>\n<td>370.8<\/td>\n<td>474.5<\/td>\n<td>889.33<\/td>\n<td>267.53<\/td>\n<td>2.00<\/td>\n<\/tr>\n<tr>\n<td>Resistance 1<\/td>\n<td>369.0<\/td>\n<td>471.5<\/td>\n<td>885.92<\/td>\n<td>265.57<\/td>\n<td>1.98<\/td>\n<\/tr>\n<tr>\n<td>Pivot<\/td>\n<td>365.5<\/td>\n<td>467.0<\/td>\n<td>881.83<\/td>\n<td>264.43<\/td>\n<td>1.93<\/td>\n<\/tr>\n<tr>\n<td>Support 1<\/td>\n<td>363.8<\/td>\n<td>464.0<\/td>\n<td>878.4<\/td>\n<td>262.5<\/td>\n<td>1.9<\/td>\n<\/tr>\n<tr>\n<td>Support 2<\/td>\n<td>360.3<\/td>\n<td>459.5<\/td>\n<td>874.33<\/td>\n<td>261.33<\/td>\n<td>1.87<\/td>\n<\/tr>\n<tr>\n<td>Support 3<\/td>\n<td>358.5<\/td>\n<td>456.5<\/td>\n<td>870.92<\/td>\n<td>259.37<\/td>\n<td>1.84<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div><\/div>\n<div><strong>Economic Reports<\/strong><\/div>\n<h3>source:<a href=\"http:\/\/www.forexfactory.com\/calendar.php\" target=\"_blank\" shape=\"rect\" rel=\"noopener\">http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n<h3><a href=\"http:\/\/www.forexfactory.com\/calendar.php\" target=\"_blank\" rel=\"noopener\">All times are Eastern time Zone (EST<\/a>)<\/h3>\n<div align=\"center\">\n<table border=\"0\" cellpadding=\"0\">\n<thead>\n<tr>\n<td>\n<p align=\"center\"><b>Date<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>3:57pm<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>Currency<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>Impact<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>\u00a0<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>Detail<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>Actual<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>Forecast<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>Previous<\/b><\/p>\n<\/td>\n<td>\n<p align=\"center\"><b>Graph<\/b><\/p>\n<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td>ThuFeb 18<\/td>\n<td>4:00am<\/td>\n<td>EUR<\/td>\n<td><\/td>\n<td>Current Account<\/td>\n<td><\/td>\n<td><\/td>\n<td>22.3B<\/td>\n<td>26.4B<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>7:30am<\/td>\n<td>EUR<\/td>\n<td><\/td>\n<td>ECB Monetary Policy Meeting Accounts<\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>8:30am<\/td>\n<td>USD<\/td>\n<td><\/td>\n<td>Philly Fed Manufacturing Index<\/td>\n<td><\/td>\n<td><\/td>\n<td>-2.9<\/td>\n<td>-3.5<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td><\/td>\n<td>USD<\/td>\n<td><\/td>\n<td>Unemployment Claims<\/td>\n<td><\/td>\n<td><\/td>\n<td>275K<\/td>\n<td>269K<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>10:00am<\/td>\n<td>USD<\/td>\n<td><\/td>\n<td>CB Leading Index m\/m<\/td>\n<td><\/td>\n<td><\/td>\n<td>-0.1%<\/td>\n<td>-0.2%<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>10:30am<\/td>\n<td>USD<\/td>\n<td><\/td>\n<td>Natural Gas Storage<\/td>\n<td><\/td>\n<td><\/td>\n<td>-154B<\/td>\n<td>-70B<\/td>\n<td><\/td>\n<\/tr>\n<tr>\n<td><\/td>\n<td>11:00am<\/td>\n<td>USD<\/td>\n<td><\/td>\n<td>Crude Oil Inventories<\/td>\n<td><\/td>\n<td><\/td>\n<td>3.2M<\/td>\n<td>-0.8M<\/td>\n<td><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3><span style=\"font-size: 13px;\">This is not a solicitation of any order to buy or sell, but a current market view provided by <\/span><a style=\"font-size: 13px;\" title=\"Cannon Futures Trading\" href=\"https:\/\/www.cannontrading.com\/\" target=\"_blank\">Cannon Trading Inc<\/a><span style=\"font-size: 13px;\">. 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.<\/span><\/h3>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels &#8211; Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels &#8211; Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Wednesday [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[230,67],"tags":[18,949,897,16],"class_list":["post-10957","post","type-post","status-publish","format-standard","hentry","category-day-trading-2","category-future-trading-news","tag-day-trading","tag-future-trading-news","tag-futures-day-trading-guide","tag-futures-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10957","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=10957"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10957\/revisions"}],"predecessor-version":[{"id":10960,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/10957\/revisions\/10960"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=10957"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=10957"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=10957"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}