{"id":18566,"date":"2023-06-05T12:44:07","date_gmt":"2023-06-05T20:44:07","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=18566"},"modified":"2023-06-05T12:44:07","modified_gmt":"2023-06-05T20:44:07","slug":"choppy-trading-week-ahead-futures-levels-6-06-2023","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/choppy-trading-week-ahead-futures-levels-6-06-2023\/","title":{"rendered":"Choppy Trading Week Ahead? + Futures Levels 6.06.2023"},"content":{"rendered":"
\n
\n
Get Real Time updates and more on our private FB group!<\/span><\/div>\n
\n
\n
\n
https:\/\/business.facebook.com\/groups\/1105191589938254\/<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

\n

The Week Ahead:<\/h3>\n

By John Thorpe, Senior Broker<\/p>\n

There will be few government reports released this week that will have much of an impact on equity prices.<\/p>\n

This past Saturday we have entered the FOMC Blackout period which will last through the next FOMC Rate decision on Wednesday, June 14th and conclude at midnight on June 15th.<\/p>\n

Since there is no significant data, we are certain Fed Policy makers will have been able to breathe a bit easier after the debt limit breach was averted.<\/p>\n

Next week is going to be considerably different. Why?\u00a0the Consumer Price Index will be released a day prior to the FED rate decision and may have an 11th hour impact on the policy makers decision to raise or stay firm at current short term fed fund rate. According to the CME’s FedWatch tool, the prospect for rate changes has been anything but sanguine. May 5th there was only an 8.5% chance of another .25 increase and as recently as a week ago there was an over 60% chance and as of todays date the tool is projecting less that a 22% increase by .25 to the .0525-.0550 area. .\u00a0.<\/p>\n

As I said about CPI\u00a0at the moment the market is pricing in no change but a CPI figure reversing the slow downtrend in current price levels could immediately change the expectations for no change this go round.<\/p>\n

Understanding expectations will allow you to\u00a0trade with more confidence when there is a sudden change in policy directives!<\/p>\n

\n

Plan your trade and trade your plan.\u00a0<\/a><\/p>\n

 <\/p>\n

Webinar: Order Flow Trading Platform<\/a><\/h3>\n

Wed, June 7th, 2023 12:01 PM – 1:00 PM PDT<\/p>\n

Show in My Time Zone<\/a><\/p>\n

In this\u00a0webinar, we\u2019ll tour the platform and take a look at how to utilize Order Flow, Delta Filer bars and other innovative features while observing a variety of futures markets with a focus on some of the smaller Micro futures contracts.<\/p>\n

Our host, Antonio Sartorello of Volumetrica will guide attendees as the markets trade in real time.\u00a0Learn more about VolSys\u2019s core features<\/p>\n

\u2022 Order Flow and it’s pullback bar<\/p>\n

\u2022 How to use Advances T&S<\/p>\n

\u2022 How to use Advanced DOM<\/p>\n

\u2022 Delta Filter Bars to identify Strength\/weakness<\/p>\n

\u2022 Where are the big traders\/ orders?<\/p>\n

Attendees will receive a FULLY functionable demo with live data!!<\/p>\n

SPACE is LIMITED, so reserve your space now!<\/a><\/p>\n

https:\/\/attendee.gotowebinar.com\/register\/3653796317657144918<\/a><\/p>\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<\/p>\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

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

for 06-06-2023<\/p>\n

<\/div>\n
\"#ES,
#ES, #NQ, #YM, #RTY, #XBT, #GC, #SI, #CL, #ZB, #6E, #ZC, #ZW, #ZS, #ZM, #NG<\/figcaption><\/figure>\n
<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n

\"\"<\/a><\/h3>\n

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

Forexfactory.com<\/a><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

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\/ The Week Ahead: By John Thorpe, Senior Broker There will be few government reports released this week that will have much of an impact on equity prices. This past Saturday we have entered the FOMC Blackout period which will last through the next […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,76,30,61,234,232],"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-18566","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-commodity-trading-2","category-futures-broker-2","category-futures-trading-2","category-trading-guide","category-trading-webinar-2","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\/18566","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=18566"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18566\/revisions"}],"predecessor-version":[{"id":18567,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/18566\/revisions\/18567"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=18566"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=18566"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=18566"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}