{"id":15070,"date":"2019-08-07T12:18:10","date_gmt":"2019-08-07T20:18:10","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=15070"},"modified":"2019-08-09T07:42:21","modified_gmt":"2019-08-09T15:42:21","slug":"spot-reversals-trading-levels-8-08-2019","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/spot-reversals-trading-levels-8-08-2019\/","title":{"rendered":"How to Spot Reversals? + Trading Levels 8.08.2019"},"content":{"rendered":"

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Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n

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Dear Traders,<\/p>\n

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www.facebook.com\/CannonTrading<\/a><\/div>\n
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Lets take a look at extreme oversold situation in the mini NASDAQ,the below is from my colleague Dave Register of ExitPoints.com:<\/div>\n
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The swing turning points based on pattern, price support\/resistance, and time-cycle ratios are especially important when the market is overbought or oversold. I use two indicators for overbought or oversold. First if the commodity-channel-index(5) is above 100 it indicates overbought.If below -100 it indicates oversold. Second the rsi(2) is averaged over the most recently completed two days. If above 85 it indicates overbought, below 15 indicates oversold. Both of these indicators must agree for the market to be overbought or oversold. i.e. a reversal signal on the swing trade time frame of one to two weeks. Each evening my software scans the futures and forex markets for overbought and oversold conditions. Beware that if the rsi(2) indicator averaged over the recently completed two days is above 99 or below 1. The momentum is so powerful it should be considered a continuation signal.<\/div>\n
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If you like to try the “reversal” indicators, including the DIAMOND one shown below ,\u00a0sign up here for 3 weeks free trial.<\/a><\/div>\n<\/div>\n
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Good Trading<\/strong><\/p>\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

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

08-08-2019<\/p>\n

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

bettertrader.co<\/a><\/p>\n

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This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. 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.<\/p>\n","protected":false},"excerpt":{"rendered":"

____________________________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 ____________________________________________________________________ Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Lets take a look at extreme oversold situation in the mini NASDAQ,the below is from my colleague Dave Register of ExitPoints.com: The swing turning points based on pattern, price support\/resistance, and time-cycle ratios are especially important when […]<\/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":[],"class_list":["post-15070","post","type-post","status-publish","format-standard","hentry","category-future-trading-news"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/15070","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=15070"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/15070\/revisions"}],"predecessor-version":[{"id":15072,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/15070\/revisions\/15072"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=15070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=15070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=15070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}