{"id":16333,"date":"2020-10-28T12:27:34","date_gmt":"2020-10-28T20:27:34","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16333"},"modified":"2020-10-28T12:27:34","modified_gmt":"2020-10-28T20:27:34","slug":"dow-jones-cash-daily-chart-price-limits-futures-levels-10-29-2020","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/dow-jones-cash-daily-chart-price-limits-futures-levels-10-29-2020\/","title":{"rendered":"Dow Jones Cash Daily Chart, Price Limits &#038; Futures Levels 10.29.2020"},"content":{"rendered":"<p><em><b><span style=\"font-family: 'Georgia',serif; color: #333333;\">_________________________________________________<\/span><\/b><\/em><\/p>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><em><b><span style=\"font-family: 'Georgia',serif; color: #333333;\">Voted #1 Blog and #1 Brokerage Services on\u00a0<a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001U36v1hvtg4O6nrUU85R1W6sfGPKX0ynnFA_D82LpdwBdzw7hFFBsXcDEWOPaVpkBRhG4iwIIEW8dl5sm-Zy6FHhgwdfYQHIB3uhsIL_ukid7tjqwraQ_BoF0xII0Paftq6h0c0xvDjjkGFYQaQXS_PzGm2ZRdaCn-W0INLJ9pmxzYrJ3TUyLrKnbAV5ra33oeleZTVoQEDQ=&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener\">TraderPlanet\u00a0<\/a>for 2016!!\u00a0\u00a0<\/span><\/b><\/em><\/p>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><em><b><span style=\"font-family: 'Georgia',serif; color: #333333;\">_________________________________________________<\/span><\/b><\/em><\/p>\n<p>Dear Traders,<\/p>\n<div align=\"left\">\n<div align=\"center\">\n<div align=\"center\">Like us on FaceBook!<\/div>\n<div align=\"center\"><a href=\"http:\/\/www.facebook.com\/CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\" shape=\"rect\">www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<div align=\"center\">\n<div align=\"center\">Get Real Time updates and\u00a0<a href=\"https:\/\/twitter.com\/CannonTrading\" target=\"_blank\" rel=\"noopener noreferrer\">market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div>\n<div align=\"center\">\n<div><\/div>\n<\/div>\n<\/div>\n<div>\n<div align=\"center\"><\/div>\n<\/div>\n<div style=\"text-align: center;\">\n<div>\n<div align=\"center\">Upcoming elections fear, COVID resurge and other factors really helped spike up volatility.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">Dow Jones is sitting on a MAJOR and IMPORTANT support level. Chart below.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">*While I have no idea were the market is going from day to day, minute to minute, week to week etc. I feel the following may help&#8230;.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">*Expect the unexpected&#8230;<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">* Have an idea of what you are looking to do, keep in mind possible risk and have a game plan. Now more than ever, plan your trade and than trade your plan!<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">* Think money management, hedging risk while you are still trying to figure out how to profit.<\/div>\n<div align=\"center\"><\/div>\n<ul>\n<li>Try to use preset brackets\/ automated stops and limits etc. if you are able to with your software.<\/li>\n<\/ul>\n<div align=\"center\"><\/div>\n<div align=\"center\">* Know what is going on, reports, current margins, current limits and more.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">*Trade smaller. The bands are much larger. Watch the VIX. MICROS and smaller sized contracts like mini Silver and mini crude are good alternatives.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">* DO NOT assume anything&#8230;if you are not sure,<a href=\"http:\/\/r20.rs6.net\/tn.jsp?f=001ga3O0-Klo9_mRRCDuFsutt1qAe2mgxCg-alFVj4cSmxsh9JU_47HBG942gHWcUUyrbmCStZEaksHl3qs2Qvc0g1vn7lxpFRfvJwnijYr-LbL_Er4enzLkJC7bByx3dQb1EGsxh7LK4F4f5NebNn10qNTub-GfpmoHfDG9dONz-FQKZqUTSx63g==&amp;c=&amp;ch=\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0contact us<\/a>\u00a0and we will try our best to assist with the combined, vast experience we have here as a team.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">* Wash hands, take this seriously and do your best to stay healthy&#8230;.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">__________________________________________________<\/div>\n<div align=\"center\">I\u2019ve received\u00a0some questions about the\u00a0price\u00a0limits or circuit breakers we have seen mostly in stock index futures.\u00a0Hopefully this\u00a0explains\u00a0things\u00a0a bit better:<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">A price limit is the maximum price range permitted for a futures contract in each trading session.\u00a0\u00a0When markets hit the price limit, different actions\u00a0can\u00a0occur depending on the product being traded. Markets may temporarily halt until price limits can be expanded,\u00a0they may\u00a0remain in a limit condition or\u00a0they may\u00a0stop trading for the day, based on regulatory rules.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">This is for Stock Index futures but keep in mind MANY other markets are experiencing LARGE swings and moves.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">Overnight limits (5:00 P.M. \u2013 8:30 A.M., Central Time): the futures contract is limited to a 7% price move up or a 7% price move down, based on the futures contract\u2019s prior day\u2019s settlement price (3:15 P.M., Central Time).<\/div>\n<div align=\"center\">If PRICE LIMITS hit 7% up or down and trading will cease until the NYSE cash market opens at 8:30am Central Time.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\"><\/div>\n<div>This is for Stock Index futures but keep in mind MANY other markets are experiencing LARGE swings and moves.<\/div>\n<div>Overnight limits (5:00 P.M. \u2013 8:30 A.M., Central Time): the futures contract is limited to a 7% price move up or a 7% price move down, based on the futures contract\u2019s prior day\u2019s settlement price (3:15 P.M., Central Time).<\/div>\n<div><\/div>\n<div>Further, if a contract market moves beyond +\/- 3.5% within an hour during the overnight session, trading will be paused for two minutes.<\/div>\n<div><\/div>\n<div>If PRICE LIMITS hit 7% up or down and trading will cease until the NYSE cash market opens at 8:30am Central Time.<\/div>\n<div><\/div>\n<div>This applies to the main stock index futures contracts available, such as the ES, MES, NQ, etc.<\/div>\n<div>What is so dangerous you may ask?<\/div>\n<div><\/div>\n<div>If you are long an ES during the night session and the market is limit down (7%) you can NOT get out. There is a chance that when the market opens up at 8:30 AM CDT that the market will then go down the 13% limit without you being able to exit. That means that on certain situations you can lose MORE than you have in your account.<\/div>\n<div><\/div>\n<div>If you don&#8217;t understand how the circuit breakers\/ price limits work&#8230;make sure you call us and talk to a broker at + 1 310 859 9572<\/div>\n<div><\/div>\n<div>This only applies for the overnight session ending at 8:30 A.M. Central Time. At that point, a new set of rules kick in ONLY to the downside.<\/div>\n<div><\/div>\n<div>-7% Trading Halt 15 mins<\/div>\n<div><\/div>\n<div>-13% Trading Halt 15 mins<\/div>\n<div><\/div>\n<div>-20% Closed for rest of day<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/b3e308bf-830f-4e4f-b747-4705533fde32.png\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<div>\n<div align=\"center\">\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h3 style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\"><strong>Good Trading<\/strong><\/h3>\n<p style=\"font-variant-ligatures: normal; font-variant-caps: normal; orphans: 2; text-align: start; widows: 2; -webkit-text-stroke-width: 0px; text-decoration-style: initial; text-decoration-color: initial; word-spacing: 0px;\">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 when it comes to Futures Trading.<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Futures Trading Levels<\/strong><\/h3>\n<p>10-29-2020<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/d109a8b7-33c5-4e1d-bac8-c614fa3b721a.png\" alt=\"\" title=\"\"><\/p>\n<h3><\/h3>\n<h3><strong>Economic Reports, source:\u00a0<\/strong><\/h3>\n<p><a href=\"https:\/\/www.forexfactory.com\/\" target=\"_blank\" rel=\"noopener noreferrer\" data-segment-action=\"add\" data-segment-id=\"436d64a0-dd7d-11e3-91c2-d4ae529a8639\">\u00a0<\/a><a href=\"https:\/\/www.bettertrader.co\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.BetterTrader.co<\/a><\/p>\n<div class=\"pagearrange__layout-row full\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\">\n<div class=\"flexShell\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3652b815-5109-419b-a007-45bf11292a24.png\" alt=\"\" title=\"\"><\/p>\n<p>This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon 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.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>_________________________________________________ Voted #1 Blog and #1 Brokerage Services on\u00a0TraderPlanet\u00a0for 2016!!\u00a0\u00a0 _________________________________________________ Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0market alerts on Twitter! Upcoming elections fear, COVID resurge and other factors really helped spike up volatility. Dow Jones is sitting on a MAJOR and IMPORTANT support level. Chart below. *While I have [&hellip;]<\/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-16333","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\/16333","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=16333"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16333\/revisions"}],"predecessor-version":[{"id":16334,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16333\/revisions\/16334"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}