{"id":17974,"date":"2022-09-12T12:27:38","date_gmt":"2022-09-12T20:27:38","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=17974"},"modified":"2022-09-12T12:27:38","modified_gmt":"2022-09-12T20:27:38","slug":"wyntk-before-trading-tomorrow-sept-13th-2022-trading-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wyntk-before-trading-tomorrow-sept-13th-2022-trading-levels\/","title":{"rendered":"WYNTK before Trading Tomorrow, Sept. 13th 2022 Trading Levels"},"content":{"rendered":"
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Stock Index futures are entering the “rollover period”.<\/p>\n

Somewhat\u00a0of a choppy intraday price action.<\/p>\n

December is now the front month\/ higher volume.<\/p>\n

September will expire this coming Friday at 8:30 Am Central time.<\/p>\n

Tomorrow we have an anticipated\u00a0CPI report ahead of next week’s FOMC. Below is a good informative piece by my colleague,\u00a0John Thorpe:<\/p>\n

Has the Stock Market bottomed?<\/h3>\n

In the Yardeni Bull\/Bear index, the last temperature taken on Sep. 7th, there were .53.3 % bearish vs only .18% bullish sentiment for the Stock market. With the August Consumer Price Index Release 7:30 am Central time, the Peak inflation game speculation\u00a0may be nearly done.<\/p>\n<\/div>\n

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What I mean by that is we will have established a turn in the voracity of “the Summer of Inflation” IF the year over year change is less than last month’s 8.5 %, the consensus is a reading between 7.9-8.3 % ( whenever i talk about consensus right before a report you can damn well know that is already discounted by the market) The commonly quoted inflation rate is actually the change in the CPI from the year earlier or Yr\/yr. see lower number. Now think of the number being released with three potential outcomes relative to the consensus. Higher than, the same as or less than expectations. If the market has been rallying because of the consensus, and we believe we can make an argument this is true, then the markets reaction to a Higher CPI number will provide a backdrop for a sharp sell off in equities. If the CPI number is a lower number than consensus, I could make a strong case for the market to rally and hold it. And finally, if the CPI numbers are in line with expectations, the sellers will be more aggressive as the previous weeks ralies will have been overdone in anticipation of lower CPI numbers and expect the market to sell off as it waits for more data. CPI is currently an important indicator for market direction as the FED uses some of this data to drive it’s rate decision making process.. I included the Yardeni Bull\/Bear ration to give you a sense that even with the rally in the stocks these past few weeks, many institutions are Bearish yet still, and may be close to a capitulation point if the CPI Data is extremely positive tomorrow. (CPI % lower than consensus.\u00a0Plan your trade and trade your plan.<\/div>\n
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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

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

09-13-2022<\/p>\n

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Improve Your Trading Skills<\/h2>\n
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\n<\/a>Economic Reports, Source:\u00a0<\/strong><\/h3>\n

Forexfactory.com<\/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\u00a0Cannon 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":"

Get Real Time updates and more on our private FB group! https:\/\/business.facebook.com\/groups\/1105191589938254\/ Stock Index futures are entering the “rollover period”. Somewhat\u00a0of a choppy intraday price action. December is now the front month\/ higher volume. September will expire this coming Friday at 8:30 Am Central time. Tomorrow we have an anticipated\u00a0CPI report ahead of next week’s […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,358],"tags":[],"class_list":["post-17974","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-education"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17974","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=17974"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17974\/revisions"}],"predecessor-version":[{"id":17975,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/17974\/revisions\/17975"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=17974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=17974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=17974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}