{"id":18386,"date":"2023-04-14T12:29:03","date_gmt":"2023-04-14T20:29:03","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18386"},"modified":"2023-04-14T12:29:03","modified_gmt":"2023-04-14T20:29:03","slug":"weekly-newsletter-trading-signals-on-your-charts-levels-for-april-17th","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/weekly-newsletter-trading-signals-on-your-charts-levels-for-april-17th\/","title":{"rendered":"Weekly Newsletter: Trading Signals on your Charts! + Levels for April 17th"},"content":{"rendered":"<h3 style=\"text-align: center;\"><strong>Cannon Futures Weekly Newsletter Issue # 1141<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p>Join our\u00a0<a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener noreferrer\">private Facebook group\u00a0<\/a>for additional insight into trading and the futures markets!<\/p>\n<div>\n<h3>In this issue:<\/h3>\n<ul>\n<li>Important Notices &#8211;\u00a0Goodbye Eurodollar \ud83d\ude41<\/li>\n<li>Trading Resource of the Week &#8211;\u00a0Live Customized Trading Signals on your Charts<\/li>\n<li>Hot Market of the Week &#8211;\u00a0June Gold<\/li>\n<li>Broker&#8217;s Trading System of the Week &#8211;\u00a0E-mini SP Intraday System<\/li>\n<li>Trading Levels for Next Week<\/li>\n<li>Trading Reports for Next Week<\/li>\n<\/ul>\n<\/div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Important Notices &#8211; Goodbye Eurodollar<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div align=\"center\"><\/div>\n<div><\/div>\n<div>\n<div>Heads up traders:<\/div>\n<div><\/div>\n<div>Today we say goodbye to a commodity that for \u00b120 years starting in the early 2000\u2019s held the title of largest open interest futures contract in the world: the Eurodollar.\u00a0Long the benchmark for hedging short-interest rates, it is being replaced today by the Three-Month Secured Overnight Financing Rate (SOFR) Futures.<\/div>\n<div>SOFR measures the cost of borrowing U.S. dollar cash overnight using Treasury securities as collateral.\u00a0SOFR has been recommended by the U.S. Federal Reserve\u2019s Alternative Reference Rate Committee (ARRC) and SOFR looks set to become the main indicator of U.S. dollar interest rates around the world as global regulators encourage market participants to transition to SOFR.<\/div>\n<div>CME Group launched SOFR-based futures in 2018 to support the transition.\u00a0Starting today, any Eurodollar exposure where the start date is beyond June 30, 2023, will automatically convert to the corresponding CME SOFR.\u00a0For more information regarding the conversion process, please visit the\u00a0<a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/stirs\/three-month-sofr.html?gclid=CjwKCAjw8-OhBhB5EiwADyoY1QWqgNoeP0NJJq0sVJPGEoMEhuDmvxzX2dB81oks5xoAXtn6pO9fbRoCvusQAvD_BwE&amp;gclsrc=aw.ds\" target=\"_blank\" rel=\"noopener noreferrer\">CME Group web site<\/a>.<\/div>\n<\/div>\n<div><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<ul>\n<li>\n<h3>Trading Resource of the Week &#8211; Customized Trading Signals<\/h3>\n<\/li>\n<\/ul>\n<div>\n<div align=\"justify\">\n<div align=\"justify\">\n<div align=\"center\">\n<div align=\"center\">\n<div align=\"center\"><a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001QZ9BkztdPEqkcS4zx4j90oLbuSBjfJsrUZnE2LpQL7ura-3-_fSrO4ccyFKYPmBxLsRrP8wr7LJs_FkcPzQJi1F5tHSLe6XnPEfopsa80KV7oH4NPy0V8x_mqbrZK5OHIVbmVVWmIP7kdgFhgcV6fLmDTKSkyP7JPN_8RP7sGhFq5vw1y-0pAW8VDZEJjabi_IqpjdxuejiIA7iGcnFvEw==&amp;c=_xipuZgrQngiJzlOPY76E7KwfZ5ciSyYjjVS-fQaZtwsWofjPax5QA==&amp;ch=PImCs_7yTVXZzbPgkXWGvZb4_yiUBYzon-huF9kVGZUwMDgs4fL8PA==\" target=\"_blank\" rel=\"noopener noreferrer\">Try our in-house<\/a>\u00a0created family of technical studies<\/div>\n<div align=\"center\"><\/div>\n<div><\/div>\n<ul>\n<li>Identify BUY and SELL signals<\/li>\n<li>Plug into your own charts<\/li>\n<li>Select your own markets and timeframe<\/li>\n<li>Use within <a href=\"https:\/\/www.cannontrading.com\/software\/sierra-chart\">Sierra Charts<\/a> or <a href=\"https:\/\/www.cannontrading.com\/software\/e-futures-international\">E-Futures platforms<\/a>.<\/li>\n<\/ul>\n<div><\/div>\n<div><a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001QZ9BkztdPEqkcS4zx4j90oLbuSBjfJsrUZnE2LpQL7ura-3-_fSrO4ccyFKYPmBxLsRrP8wr7LJs_FkcPzQJi1F5tHSLe6XnPEfopsa80KV7oH4NPy0V8x_mqbrZK5OHIVbmVVWmIP7kdgFhgcV6fLmDTKSkyP7JPN_8RP7sGhFq5vw1y-0pAW8VDZEJjabi_IqpjdxuejiIA7iGcnFvEw==&amp;c=_xipuZgrQngiJzlOPY76E7KwfZ5ciSyYjjVS-fQaZtwsWofjPax5QA==&amp;ch=PImCs_7yTVXZzbPgkXWGvZb4_yiUBYzon-huF9kVGZUwMDgs4fL8PA==\" target=\"_blank\" rel=\"noopener noreferrer\">Free 3-week trial<\/a>\u00a0includes\u00a0<a href=\"https:\/\/r20.rs6.net\/tn.jsp?f=001QZ9BkztdPEqkcS4zx4j90oLbuSBjfJsrUZnE2LpQL7ura-3-_fSrO4Kg91ia2OLj7UzlnUa_OCVIByMU4fRUcOiwYwO8oDB39DpBPyRGVbAguEwVv-zPmXwH-1NSYa_n_Fw0bSC2KucyumVECk1f034YUqRtb8LYzqxU2kKZ4Wc=&amp;c=_xipuZgrQngiJzlOPY76E7KwfZ5ciSyYjjVS-fQaZtwsWofjPax5QA==&amp;ch=PImCs_7yTVXZzbPgkXWGvZb4_yiUBYzon-huF9kVGZUwMDgs4fL8PA==\" target=\"_blank\" rel=\"noopener noreferrer\">video tutorial<\/a>\u00a0and 23-page PDF e-book, explaining the studies\u2019 approach and how to apply them to your trading.<\/div>\n<div><\/div>\n<div>Approach focuses on counter-trend and trend following price action and trade management.<\/div>\n<div><\/div>\n<div>Some examples for educational purposes below in the screen shot<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">\n<figure style=\"width: 988px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/ed4d13d7-56a9-4393-9620-6773cee0cc5e.png\" alt=\"#ES, Mini S&amp;P\" width=\"988\" height=\"945\" title=\"\"><figcaption class=\"wp-caption-text\">ES Futures charts with buy sell indicators<\/figcaption><\/figure>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Hot Market of the Week &#8211; <a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\">June Gold<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div>\n<div>\n<div>Hot market of the week is provided by QT Market Center,\u00a0A swiss army knife charting package that&#8217;s not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<div>\n<div><a href=\"https:\/\/www.cannontrading.com\/software\/qt-market-center\" target=\"_blank\" rel=\"noopener noreferrer\">FREE TRIAL AVAILABLE<\/a><\/div>\n<\/div>\n<div><\/div>\n<div align=\"center\"><\/div>\n<\/div>\n<div align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/metals\/Gold-Futures\">June Gold<\/a> is approaching its second upside PriceCount objective where it would be normal for the chart to react with a near term consolidation or corrective trade upon satisfying the count. At this point, IF there is another leg up to this bull run, the 3rd PriceCount objective run is towards the 2261 area.<\/div>\n<div align=\"center\"><\/div>\n<div align=\"center\">PriceCounts &#8211; Not about where we&#8217;ve been , but where we might be going next!<\/div>\n<div align=\"center\">\n<div class=\"mceTemp\"><\/div>\n<\/div>\n<div align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3ec6d4e8-3e42-4fc5-b300-9ccfc5b839d9.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div>\n<div>The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an \u2018exact\u2019 science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at\u00a0<a href=\"http:\/\/www.qtchartoftheday.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.qtchartoftheday.com<\/a><\/div>\n<div><\/div>\n<div>Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.<\/div>\n<\/div>\n<div style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" alt=\"\" title=\"\"><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<ul>\n<li>\n<h3><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=24629\" target=\"_blank\" rel=\"noopener\">Broker&#8217;s Trading System of the Week<\/a><\/h3>\n<\/li>\n<\/ul>\n<\/div>\n<div><\/div>\n<div>\n<div>With\u00a0algorithmic\u00a0trading systems becoming more prevalent in portfolio diversification, the following system has been selected as the broker&#8217;s choice for this month.<\/div>\n<div><\/div>\n<div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=24270\" target=\"_blank\" rel=\"noopener\">iNSGR ES eBOPBasS xOus 1C<\/a><\/div>\n<div><\/div>\n<div>\n<div><strong>PRODUCT<\/strong><\/div>\n<div><a href=\"https:\/\/www.cannontrading.com\/tools\/futures-market\/indices\/E-mini-SP-500-Futures\">Mini SP<\/a><\/div>\n<div><\/div>\n<div><strong>SYSTEM TYPE<\/strong><\/div>\n<div>Intraday<\/div>\n<div><\/div>\n<div><strong>Recommended Cannon Trading Starting Capital<\/strong><\/div>\n<div>$12,000<\/div>\n<div><\/div>\n<div><strong>COST<\/strong><\/div>\n<div>USD 130 \/ monthly<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div><\/div>\n<div><a href=\"https:\/\/cannon.isystems.com\/System\/PerformanceSheet?Id=24270\" target=\"_blank\" rel=\"noopener noreferrer\">Click Here for Full Performance and Details<\/a><\/div>\n<div><\/div>\n<div><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/d83bfc03-80b5-4e16-8419-fa2c030c5e6c.jpg\" alt=\"\" title=\"\"><\/div>\n<div>The performance shown above is hypothetical in that the chart represents returns in a model account. The model\u00a0account rises or falls by the average single contract profit and loss achieved by clients trading actual money pursuant\u00a0to the listed system\u2019s trading signals on the appropriate dates (client fills), or if no actual client profit or loss available \u2013\u00a0by the hypothetical single contract profit and loss of trades generated by the system\u2019s trading signals on that day in\u00a0real time (real\u2010time) less slippage, or if no real time profit or loss available \u2013 by the hypothetical single contract profit\u00a0and loss of trades generated by running the system logic backwards on back adjusted data.\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/isystems-automated-trading-platform\" target=\"_blank\" rel=\"noopener noreferrer\">Please read full disclaimer HERE.<\/a><\/div>\n<div><\/div>\n<div><\/div>\n<div><\/div>\n<div>\n<div>\n<div>Sign Up for a<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">\u00a0Free Personalized Consultation<\/a>\u00a0with a Broker from Cannon Trading Company<\/div>\n<div>Questions about the markets? trading? platforms? technology? trading systems? Get answers with a complimentary,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile-systems\" target=\"_blank\" rel=\"noopener noreferrer\">confidential consultation<\/a>\u00a0with a Cannon Trading Company series 3 broker.<\/div>\n<\/div>\n<div><\/div>\n<\/div>\n<div><\/div>\n<ul>\n<li>\n<h3>Trading Levels for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div style=\"text-align: left;\" align=\"center\"><strong>Daily Levels for April 17th, 2022<\/strong><\/div>\n<div align=\"center\"><\/div>\n<div style=\"text-align: left;\" align=\"center\">\n<figure style=\"width: 610px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/764b0878-cede-464f-9386-665a44731eb2.jpg\" alt=\"#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG\" width=\"610\" height=\"746\" title=\"\"><figcaption class=\"wp-caption-text\">#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n<\/div>\n<div style=\"text-align: left;\" align=\"center\"><\/div>\n<p style=\"text-align: left;\"><strong>Weekly Levels<\/strong><\/p>\n<p><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3a676a9c-2c74-4129-9a96-63714d7ae9f5.jpg\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>\n<h3>Trading Reports for Next Week<\/h3>\n<\/li>\n<\/ul>\n<div><\/div>\n<div><strong>First Notice (FN), Last trading (LT) Days for the Week:<\/strong><\/div>\n<div style=\"text-align: left;\" align=\"center\"><a href=\"http:\/\/www.mrci.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">www.mrci.com\u00a0<\/a><\/div>\n<div align=\"center\"><\/div>\n<div class=\"pagearrange__layout-row full\" style=\"text-align: left;\" data-row=\"1\">\n<div class=\"pagearrange__layout-column pagearrange__layout-column--full full\" data-column=\"0\">\n<div><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/cfe8f89c-eec1-4318-8f41-f09895f5201f.jpg\" alt=\"\" title=\"\"><\/div>\n<div class=\"pagearrange__layout-cell\" data-cell=\"0\" data-compid=\"Calendar_Copy1\">\n<div><\/div>\n<\/div>\n<\/div>\n<\/div>\n<p style=\"text-align: left;\">This is not a solicitation of any order to buy or sell, but a current market view provided by <a href=\"https:\/\/www.cannontrading.com\/company\/about\">Cannon Trading Inc<\/a>. Any statement of facts herein 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 judgment in trading<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cannon Futures Weekly Newsletter Issue # 1141 &nbsp; Join our\u00a0private Facebook group\u00a0for additional insight into trading and the futures markets! In this issue: Important Notices &#8211;\u00a0Goodbye Eurodollar \ud83d\ude41 Trading Resource of the Week &#8211;\u00a0Live Customized Trading Signals on your Charts Hot Market of the Week &#8211;\u00a0June Gold Broker&#8217;s Trading System of the Week &#8211;\u00a0E-mini SP [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1379,1434,230,67,30,1334,235,344],"tags":[1481,1480,1475,1471,1469,1467,1468,1474,1472,1477,1478,1476,1479,1470,1473,1172,1239,40,627,1277,36],"class_list":["post-18386","post","type-post","status-publish","format-standard","hentry","category-weekly-newsletter","category-charts-indicators","category-day-trading-2","category-future-trading-news","category-futures-broker-2","category-gold-futures","category-index-futures","category-indices","tag-cbot","tag-comex","tag-commoditiesmarket","tag-commoditiestrader","tag-commoditytrading","tag-crudeoil","tag-daytrader","tag-futuresmarket","tag-futurestrader","tag-kcbt","tag-mgex","tag-nymex","tag-smfe","tag-stockindices","tag-swingtrader","tag-cme","tag-commodities","tag-daytrading","tag-futures","tag-globex","tag-gold"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18386","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=18386"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18386\/revisions"}],"predecessor-version":[{"id":18389,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18386\/revisions\/18389"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}