{"id":12399,"date":"2017-05-15T12:30:24","date_gmt":"2017-05-15T20:30:24","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=12399"},"modified":"2017-05-16T00:39:51","modified_gmt":"2017-05-16T08:39:51","slug":"trading-levels-tuesday-may-16th-2017","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-levels-tuesday-may-16th-2017\/","title":{"rendered":"Trading levels for Tuesday May 16th 2017"},"content":{"rendered":"

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Lately I have heard from more than a few clients and prospects that “stock index futures are just not what they used to be….” – very true!<\/p>\n<\/div>\n

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Between QE of the last few years, regulations, the shrinking of the hedge fund population and more….stock index futures volatility and personality have changed. I am pretty certain that volatility will return but…when and in what form is anyone’s guess.<\/p>\n

In between…there are other markets that are suitable for day trading in my opinion. Bonds, crude oil, gold, natural gas, some of the grains, some currencies….Observe some of these markets in simulated environment if you never traded them. Take notes, get a feel for their behavior. It might be time to diversify your daytrading portfolio with other markets except the mini SP 500…..<\/p>\n

If you need help, want feedback please feel free to\u00a0contact us<\/a>.<\/p>\n<\/div>\n

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Good 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.\u00a0 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

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

5.16.2017<\/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
Contract June 2017<\/td>\n\u00a0SP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2418.58<\/td>\n5734.00<\/td>\n21094<\/td>\n1417.47<\/td>\n99.54<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2410.42<\/td>\n5720.25<\/td>\n21028<\/td>\n1408.33<\/td>\n99.34<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2404.33<\/td>\n5710.00<\/td>\n20978<\/td>\n1400.07<\/td>\n99.07<\/td>\n<\/tr>\n
Pivot<\/td>\n2396.17<\/td>\n5696.25<\/td>\n20912<\/td>\n1390.93<\/td>\n98.87<\/td>\n<\/tr>\n
Support 1<\/td>\n2390.08<\/td>\n5686.00<\/td>\n20862<\/td>\n1382.67<\/td>\n98.60<\/td>\n<\/tr>\n
Support 2<\/td>\n2381.92<\/td>\n5672.25<\/td>\n20796<\/td>\n1373.53<\/td>\n98.40<\/td>\n<\/tr>\n
Support 3<\/td>\n2375.83<\/td>\n5662.00<\/td>\n20746<\/td>\n1365.27<\/td>\n98.13<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/td>\nJuly Silver<\/td>\nJune Crude Oil<\/td>\nJune\u00a0 Bonds<\/td>\nJune\u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1247.1<\/td>\n17.23<\/td>\n51.69<\/td>\n152 15\/32<\/td>\n1.1089<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1242.2<\/td>\n17.02<\/td>\n50.67<\/td>\n152\u00a0 3\/32<\/td>\n1.1048<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1236.5<\/td>\n16.82<\/td>\n49.78<\/td>\n151 23\/32<\/td>\n1.1021<\/td>\n<\/tr>\n
Pivot<\/td>\n1231.6<\/td>\n16.62<\/td>\n48.76<\/td>\n151 11\/32<\/td>\n1.0981<\/td>\n<\/tr>\n
Support 1<\/td>\n1225.9<\/td>\n16.42<\/td>\n47.87<\/td>\n150 31\/32<\/td>\n1.0954<\/td>\n<\/tr>\n
Support 2<\/td>\n1221.0<\/td>\n16.21<\/td>\n46.85<\/td>\n150 19\/32<\/td>\n1.0913<\/td>\n<\/tr>\n
Support 3<\/td>\n1215.3<\/td>\n16.01<\/td>\n45.96<\/td>\n150\u00a0 7\/32<\/td>\n1.0886<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly\u00a0 Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nJuly SoyMeal<\/td>\nJuly Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n375.1<\/td>\n433.9<\/td>\n978.83<\/td>\n319.93<\/td>\n3.47<\/td>\n<\/tr>\n
Resistance 2<\/td>\n373.4<\/td>\n431.1<\/td>\n975.92<\/td>\n318.37<\/td>\n3.44<\/td>\n<\/tr>\n
Resistance 1<\/td>\n370.6<\/td>\n427.2<\/td>\n970.58<\/td>\n315.43<\/td>\n3.40<\/td>\n<\/tr>\n
Pivot<\/td>\n368.9<\/td>\n424.3<\/td>\n967.67<\/td>\n313.87<\/td>\n3.37<\/td>\n<\/tr>\n
Support 1<\/td>\n366.1<\/td>\n420.4<\/td>\n962.3<\/td>\n310.9<\/td>\n3.3<\/td>\n<\/tr>\n
Support 2<\/td>\n364.4<\/td>\n417.6<\/td>\n959.42<\/td>\n309.37<\/td>\n3.29<\/td>\n<\/tr>\n
Support 3<\/td>\n361.6<\/td>\n413.7<\/td>\n954.08<\/td>\n306.43<\/td>\n3.25<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Economic Reports, \u00a0Source:\u00a0<\/strong><\/p>\n

https:\/\/www.forexfactory.com\/<\/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
Date<\/th>\n3:27pm<\/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
TueMay 16<\/span><\/td>\n2:45am<\/td>\nEUR<\/td>\n<\/td>\n\n
French Final CPI m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.1%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Italian Prelim GDP q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
CPI y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n2.6%<\/td>\n2.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
PPI Input m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.1%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
RPI y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n3.4%<\/td>\n3.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
Core CPI y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n2.2%<\/td>\n1.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
HPI y\/y<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n5.4%<\/td>\n5.8%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nGBP<\/td>\n<\/td>\n\n
PPI Output m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.2%<\/td>\n0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\n\n
Flash GDP q\/q<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.5%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
German ZEW Economic Sentiment<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n22.3<\/td>\n19.5<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
Trade Balance<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n18.8B<\/td>\n19.2B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\n\n
ZEW Economic Sentiment<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n29.1<\/td>\n26.3<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\n\n
Building Permits<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.27M<\/td>\n1.27M<\/span><\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Housing Starts<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n1.26M<\/td>\n1.22M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:15am<\/td>\nUSD<\/td>\n<\/td>\n\n
Capacity Utilization Rate<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n76.3%<\/td>\n76.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\n\n
Industrial Production m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n0.4%<\/td>\n0.5%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:30am<\/td>\nGBP<\/td>\n<\/td>\n\n
CB Leading Index m\/m<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\n\n
Mortgage Delinquencies<\/span><\/div>\n<\/td>\n
<\/td>\n<\/td>\n<\/td>\n4.80%<\/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\u00a0Cannon Trading Inc<\/a>. Any statement of facts\u00a0here in\u00a0contained are derived from sources believed to be\u00a0reliable,\u00a0but are not guaranteed as to\u00a0accuracy, 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\u00a0judgement\u00a0in trading.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. \u00a0\u00a0 ____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0 for 2016!!\u00a0 ____________________________________________________________________ Lately I have heard from more than a few clients and prospects that “stock index futures are just not what they used to be….” – very true! Between QE […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[1139,129,1138],"class_list":["post-12399","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-daytrading-portfolio","tag-support-resistance-levels","tag-trading-levels-for-tuesday"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/12399","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=12399"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/12399\/revisions"}],"predecessor-version":[{"id":12402,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/12399\/revisions\/12402"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=12399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=12399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=12399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}