{"id":17112,"date":"2021-09-13T12:22:39","date_gmt":"2021-09-13T20:22:39","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17112"},"modified":"2021-09-13T12:22:39","modified_gmt":"2021-09-13T20:22:39","slug":"good-bye-big-sp500-support-and-resistance-levels-9-14-2021","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/good-bye-big-sp500-support-and-resistance-levels-9-14-2021\/","title":{"rendered":"Good Bye BIG S&P500 & Support and Resistance Levels 9.14.2021"},"content":{"rendered":"

Dear Traders,<\/p>\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
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Good Bye BIG S&P500 by John Thorpe, senior broker:<\/h1>\n
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A Swan song for the venerable FULL Size or BIG S&P 500 Futures contract.<\/div>\n
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The initial $500.00 per point then subsequently $250.00 per point S&P contract<\/a> is done, over. Because the contract became unwittingly large as the index value increased, the CME will be delisting the \u201cBig\u201d S&P\u00a0following this week\u2019s expiration leaving the E-Mini and Micro E-mini<\/a> contracts as its legacy to thrive.<\/div>\n
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The price of the index itself became too expensive for smaller investors and lead to the creation of the ES<\/a> in 1997 and the MES in 2019 as index values soared from 959.90 on September 17th<\/sup>\u00a01997 to 4450.00 as of Friday\u2019s close.<\/div>\n
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This from the CME:<\/div>\n
As announced on May 4, 2021, and subject to regulatory review,\u00a0CME Group will delist\u00a0its standard-size futures and options on futures contracts on the Standard and Poor\u2019s 500 Stock Price Index (\u201cstandard-size contracts\u201d) following the expiration of the September 2021 contracts\u00a0on Friday, September 17, 2021.\u00a0After the delisting of the standard-size contracts, the E-mini suite of futures and options on the S&P 500 Index will continue to meet the trading and risk management needs of customer<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
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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

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

9-14-2021<\/strong><\/p>\n

\"Support<\/div>\n

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

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

\"Futures<\/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, Get Real Time updates and\u00a0more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Good Bye BIG S&P500 by John Thorpe, senior broker: A Swan song for the venerable FULL Size or BIG S&P 500 Futures contract. The initial $500.00 per point then subsequently $250.00 per point S&P contract is done, over. Because the contract became […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,235,344],"tags":[],"class_list":["post-17112","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-index-futures","category-indices"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17112","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=17112"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17112\/revisions"}],"predecessor-version":[{"id":17113,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17112\/revisions\/17113"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17112"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17112"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17112"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}