{"id":16704,"date":"2021-04-06T12:23:19","date_gmt":"2021-04-06T20:23:19","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16704"},"modified":"2021-04-06T12:23:19","modified_gmt":"2021-04-06T20:23:19","slug":"join-us-in-our-private-facebook-group-for-real-time-trade-updates-ym-chart-review-support-and-resistance-levels-4-07-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/join-us-in-our-private-facebook-group-for-real-time-trade-updates-ym-chart-review-support-and-resistance-levels-4-07-2021\/","title":{"rendered":"Join us in our Private Facebook Group for Real Time Trade Updates, YM Chart Review & Support and Resistance Levels 4.07.2021"},"content":{"rendered":"

_________________________________________________<\/span><\/b><\/em><\/p>\n

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

_________________________________________________<\/span><\/b><\/em><\/p>\n

Dear Traders,<\/p>\n

\n
\n
Like us on FaceBook!<\/div>\n
www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n
\n
\n
Get Real Time updates and\u00a0market alerts on Twitter!<\/a><\/div>\n<\/div>\n<\/div>\n
<\/div>\n
<\/div>\n
\n
<\/div>\n
Get Real Time updates and\u00a0more on our private FB group!<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n
\n
<\/div>\n<\/div>\n
\n
Different rhythm to the market this week versus what we saw last week before Good Friday.<\/div>\n
<\/div>\n
Market rhythm, correlation between markets, money flow between assets, scheduled reports, longer term picture as well as volatility cycles all affect the intraday price action as well.<\/div>\n
<\/div>\n
Do your homework each day before you start trading and keep notes.<\/div>\n
<\/div>\n
If you like to have access to “wisdom nuggets” like the ones below shared BEFORE the market open, then join our private FB group at:<\/div>\n
<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n
<\/div>\n
Here are some note from how we started the week yesterday –<\/div>\n
<\/div>\n
04.05.21 Monday Morning commentary by\u00a0Al Bicoff<\/a><\/div>\n
SCO = STOP CLOSE ONLY<\/div>\n
XX = STOP<\/div>\n
GOOD MORNING.<\/div>\n
M S&P held ALGO’S SCO @ 3966.00<\/div>\n
on Friday and exploded higher.<\/div>\n
LOW was 3964.50<\/div>\n
S&P objective is 4,050<\/div>\n
US$ traded -0.28 again, triggering<\/div>\n
short covering in GOLD, SILVER & CRUDE<\/div>\n
BULLISH for EQUITIES!<\/div>\n
BONDS, paradoxically rallied with S&P’s,<\/div>\n
taking some insurance over the long weekend against EQUITIES.<\/div>\n
Someone is wrong. BONDS or S&P.<\/div>\n
Educated guess, BONDS. Therefore,<\/div>\n
BONDS will break and S&P’S will rally.<\/div>\n
DOW objective 35,000<\/div>\n
GERMAN BUNDS:<\/div>\n
10) -0.322%<\/div>\n
20) -0.028% \/ negative again<\/div>\n
30) +0.229%<\/div>\n
U.S. RATES:<\/div>\n
FED FUNDS WINDOW:<\/div>\n
(J) CLOSED 0.1825% UNCH<\/div>\n
02) 0.162%<\/div>\n
10) 1.673%<\/div>\n
30) 2.334%<\/div>\n
2\/10 Yield Curve Closed 1.511%<\/div>\n
5\/30 Yield Curve Closed 1.428%<\/div>\n
M US$ \/ Closed 92.947 -0.289<\/div>\n
SUPPORT:<\/div>\n
92.92<\/div>\n
92.81 Sell SCO<\/div>\n
92.70<\/div>\n
M DOW \/ Closed 33,037 +139<\/div>\n
SUPPORT:<\/div>\n
32,962<\/div>\n
32,887 Sell SCO<\/div>\n
32,804<\/div>\n
M S&P \/ Closed 4010.00 +42.50<\/div>\n
SUPPORT:<\/div>\n
3995.50<\/div>\n
3983.50 Sell SCO<\/div>\n
3970.50<\/div>\n
Money flow for M S&P’S:<\/div>\n
Negative= N \/ Positive= P<\/div>\n
K CRUDE down 1.01 \/ N<\/div>\n
K Copper up 11.35 \/ P<\/div>\n
M BONDS down 0.06 \/ P<\/div>\n
M YEN up 0.115 \/ N<\/div>\n
M PALLADIUM down 22.80 \/ N<\/div>\n
M US$ down 0.046 \/ P<\/div>\n
K LUMBER closed 1012.60 +3.50<\/div>\n
K CRUDE \/ Closed $61.45 +$2.29<\/div>\n
RESISTANCE:<\/div>\n
65.86<\/div>\n
64.52 Buy SCO<\/div>\n
63.36<\/div>\n
SUPPORT:<\/div>\n
58.98<\/div>\n
57.78 Sell SCO<\/div>\n
56.39<\/div>\n
M BONDS \/ Closed 156.07 +1.20<\/div>\n
RESISTANCE:<\/div>\n
158.11<\/div>\n
157.23 Buy SCO<\/div>\n
157.06<\/div>\n
SUPPORT<\/div>\n
155.06<\/div>\n
154.21 Sell SCO<\/div>\n
154.01<\/div>\n
K COPPER \/ Closed $3.9905 -0.50<\/div>\n
RESISTANCE:<\/div>\n
4.1815<\/div>\n
4.1415 Buy SCO<\/div>\n
4.1070<\/div>\n
SUPPORT:<\/div>\n
3.9935<\/div>\n
3.9685 Sell SCO<\/div>\n
3.9400<\/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 when it comes to Futures Trading.<\/div>\n<\/div>\n
<\/div>\n
YM= Mini Dow 30 minute chart for your review below.<\/strong><\/div>\n
<\/div>\n
\"Emini<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n
\n
\n
<\/div>\n<\/div>\n<\/div>\n

Good Trading<\/strong><\/h3>\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 when it comes to Futures Trading.<\/p>\n

 <\/p>\n

Futures Trading Levels<\/strong><\/h3>\n

4-07-2021<\/p>\n

\"\"<\/div>\n

<\/h3>\n

Economic Reports, source:\u00a0<\/strong><\/h3>\n

\u00a0<\/a>www.BetterTrader.co<\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\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\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 Get Real Time updates and\u00a0market alerts on Twitter! Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Different rhythm to the market this week versus what we saw last week before Good Friday. Market rhythm, […]<\/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-16704","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\/16704","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=16704"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16704\/revisions"}],"predecessor-version":[{"id":16705,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16704\/revisions\/16705"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}