{"id":16946,"date":"2021-07-07T12:30:36","date_gmt":"2021-07-07T20:30:36","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=16946"},"modified":"2021-07-15T11:52:10","modified_gmt":"2021-07-15T19:52:10","slug":"support-and-resistance-levels-7-08-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/support-and-resistance-levels-7-08-2021\/","title":{"rendered":"Support and Resistance Levels 7.08.2021"},"content":{"rendered":"

Dear Traders,<\/p>\n

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Like us on FaceBook!<\/div>\n
www.facebook.com\/CannonTrading<\/a><\/div>\n<\/div>\n<\/div>\n
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Get Real Time updates and\u00a0more on our private FB group!<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n
<\/div>\n
<\/div>\n
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CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.<\/div>\n
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Here is what our private Facebook members ( private group – free to join)<\/div>\n
saw this morning before the open. These past few weeks Al was able to provide guidance with the uptrend both in Crude and SP 500 with very accurate support levels as well as targets. You can join the private group at:<\/div>\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n
<\/div>\n
07.07.21 Wednesday insight by\u00a0Al Bicoff<\/a><\/div>\n
SCO = STOP CLOSE ONLY<\/div>\n
MA= MOVING AVERAGE<\/div>\n
GOOD MORNING.<\/div>\n
The BOND market continues to signal<\/div>\n
DEFLATIONARY PRESSURES which is spooking & confusing the EQUITY market again. Paradoxically, with the Interest rates racing to new lows, the money managers are desperate and struggle to generate yield, which is BULLISH for EQUITIES in the end. It’s the only game in town.<\/div>\n
LOWER rates have a BULLISH UNDERTONE for TECHNOLOGY, hence the NASDAQ closing higher yesterday as the DOW and S&P’S closed LOWER.<\/div>\n
U S&P<\/div>\n
4377.00 is the next OBJECTIVE until<\/div>\n
a close below 4300.25 occurs.<\/div>\n
KEY MA 4253.75<\/div>\n
Bullish undertone above<\/div>\n
KEY TREND MA 4209.00<\/div>\n
CLOSE BELOW DAMAGES the<\/div>\n
SECULAR Bull TREND.<\/div>\n
4137.50 is MASSIVE MA SUPPORT<\/div>\n
CRITICAL MA SUPPORT!!<\/div>\n
4082.00<\/div>\n
MUST HOLD!!<\/div>\n
U S&P Closed 4334.00 -8.75<\/div>\n
ALGO SUPPORT:<\/div>\n
4308.50<\/div>\n
4300.50 Sell SCO<\/div>\n
4291.75<\/div>\n
U NASDAQ<\/div>\n
LOWER BOND YIELDS POWERING<\/div>\n
NASDAQ HIGHER!!<\/div>\n
MA SUPPORT:<\/div>\n
14,268.00<\/div>\n
Bullish bias above<\/div>\n
KEY MA SUPPORT<\/div>\n
13,891.00 ******<\/div>\n
Secular Bull Trend<\/div>\n
MUST HOLD!!<\/div>\n
MASSIVE MA SUPPORT<\/div>\n
13,694.50<\/div>\n
CRITICAL MA MUST HOLD!!<\/div>\n
13,567.00<\/div>\n
U NASDAQ<\/div>\n
Closed 14,775.50 +61.75<\/div>\n
ALGO SUPPORT:<\/div>\n
14,561.00<\/div>\n
14,520.00 Sell SCO<\/div>\n
14,474.50<\/div>\n
Q CRUDE Closed $73.37 -1.79<\/div>\n
Q CRUDE<\/div>\n
ALGO RESISTANCE:<\/div>\n
74.55<\/div>\n
73.99 Buy SCO<\/div>\n
73.51<\/div>\n
72.38 Key MA<\/div>\n
69.32 CRITICAL MA<\/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
<\/div>\n<\/div>\n
\"Micro<\/div>\n
<\/div>\n
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Webinar Invite:\u00a0Cannon Trading & CME Group invites you to attend an online event on Wednesday July 14, to learn more about\u00a0Micro WTI Crude Oil\u00a0<\/a>futures, a new tool for managing crude oil price exposure launching on July 12.<\/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

7-08-2021<\/strong><\/p>\n

<\/div>\n

\"Options<\/h3>\n

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

\u00a0<\/a>www.BetterTrader.co<\/a><\/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 here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, 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 judgement in trading as well as options on futures.<\/p>\n","protected":false},"excerpt":{"rendered":"

Dear Traders, Like us on FaceBook! www.facebook.com\/CannonTrading Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products. Here is what our private Facebook members ( private group – free to join) saw this morning […]<\/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-16946","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\/16946","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=16946"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16946\/revisions"}],"predecessor-version":[{"id":16964,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/16946\/revisions\/16964"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=16946"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=16946"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=16946"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}