{"id":16709,"date":"2021-04-08T12:23:09","date_gmt":"2021-04-08T20:23:09","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16709"},"modified":"2021-04-09T10:45:47","modified_gmt":"2021-04-09T18:45:47","slug":"sp500-makes-an-all-time-high-w-chart-support-and-resistance-levels-4-09-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/sp500-makes-an-all-time-high-w-chart-support-and-resistance-levels-4-09-2021\/","title":{"rendered":"SP500 Makes an All Time High w\/ Chart & Support and Resistance Levels 4.09.2021"},"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

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Dear Traders,<\/p>\n

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And just like that…..Sp500 Futures made an all-time high.<\/div>\n
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The stimulus by the FED is the driving force….<\/div>\n
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Below is what I PERSONALLY consider valuable insight every morning by our friend, Al Bicoff. This was posted this morning on our FB group at https:\/\/www.facebook.com\/groups\/1105191589938254 :<\/div>\n
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GOOD MORNING.<\/div>\n
We discussed these scenarios last month. HISTORY can repeat itself.<\/div>\n
No two Bull or Bear markets are alike. This pandemic is similar to 1918 (post WW1), which originated in China, unfortunately killing 50 million globally. The pent up demand led to the Roaring 20’s, which is the cycle we’re presently in. With the FED all in with unprecedented stimulus, we could see a 8-9% GDP number!<\/div>\n
Q.E. is $120 billion a month, coupled<\/div>\n
with the 3 stimulus packages and the new $2.2 trillion infrastructure in the pipeline. Also, the FED is allowing inflation to run hot, above their 2% target, using a weak US$, as its main catalyst. Lastly, the SHORT END may remain untouched for 2 years.<\/div>\n
Eventually, the FED will lose control of the LONG END of the curve!<\/div>\n
Future CAVEAT, is that we all know how the Roaring 20’s ended on Oct. 29, 1929.<\/div>\n
M S&P’s objective is 4,101 until a close<\/div>\n
below 4023.50 occurs.<\/div>\n
M DOW 35,000<\/div>\n
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WEEKLY mini SP chart for your review below.<\/div>\n<\/div>\n
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\"Sp500<\/div>\n
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To access a free trial to the ALGOS shown in the chart along with other tools? (Slanted arrows possible buy, pink squares = possible exit\/ tighten stops) visit and\u00a0sign up for a free trial\u00a0<\/a>for 21 days with real-time data.<\/div>\n
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Good Trading<\/strong><\/h3>\n

Sp500 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

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

4-09-2021<\/p>\n

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

\u00a0<\/a>www.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<\/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\/ And just like that…..Sp500 Futures made an all-time high. The stimulus by the FED is the driving force…. […]<\/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-16709","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\/16709","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=16709"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16709\/revisions"}],"predecessor-version":[{"id":16716,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16709\/revisions\/16716"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}