{"id":19888,"date":"2024-06-20T12:20:50","date_gmt":"2024-06-20T20:20:50","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=19888"},"modified":"2024-06-20T12:20:50","modified_gmt":"2024-06-20T20:20:50","slug":"understanding-the-three-main-types-of-trading-days-in-stock-index-futures","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/understanding-the-three-main-types-of-trading-days-in-stock-index-futures\/","title":{"rendered":"Understanding the Three Main Types of Trading Days in Stock Index Futures"},"content":{"rendered":"<div><span style=\"text-align: left;\">Get Real Time updates and more by joining our <a href=\"https:\/\/www.facebook.com\/groups\/1105191589938254\" target=\"_blank\" rel=\"noopener\">Private Facebook Group<\/a>!<\/span><\/div>\n<div><span style=\"text-align: left;\">Subscribe to our\u00a0<a href=\"https:\/\/www.youtube.com\/channel\/UCf-asPYp_40m1unYPKpUhaw\" target=\"_blank\" rel=\"noopener\">YouTube Channel<\/a><\/span><\/div>\n<div>Listen to our Market Recap Podcasts on <a href=\"https:\/\/podcasts.apple.com\/us\/podcast\/cannon-trading-podcast\/id1741750047\" target=\"_blank\" rel=\"noopener\">Apple Podcasts<\/a><\/div>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone  wp-image-19718\" src=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/04\/C48-300x168.jpg\" alt=\"\" width=\"634\" height=\"355\" title=\"\" srcset=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/04\/C48-300x168.jpg 300w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/04\/C48-768x430.jpg 768w, https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2024\/04\/C48.jpg 857w\" sizes=\"auto, (max-width: 634px) 100vw, 634px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>Today&#8217;s somewhat volatile but choppy\/ two sided price action in stock index futures,\u00a0\u00a0encouraged me to share the following with you on the different types of trading days:<\/p>\n<ul>\n<li>In my opinion there are 3 main types of trading days.<\/li>\n<\/ul>\n<p>1. The most common day are two sided trading action with swings up and down &#8211; this type of trading day is most suitable for using support and resistance levels along with overbought\/oversold indicators.<\/p>\n<p>2. Strong trending days, mostly one directional &#8211; this type of trading day is the least common, many times will happen on Mondays and maybe 3-5 times a month at most &#8211; this type of trading day is most suitable for using ADX, MACD crossovers and pretty much looking for pullbacks to jump on the trend.<\/p>\n<p>3. Slow and\/or choppy trading days &#8211; this type of trading day is best suited for taking small profits from the market by looking at volume spikes, using stochastics as possible entry signals and usually wait for a pullback before jumping in.<\/p>\n<ul>\n<li>A good question I\u2019ve been asked is how can one asses what type of trading day we will have while the market is still trading&#8230;.I have been doing some work in finding the answers and will be happy to hear feedback via email but here are some initial observations:<\/li>\n<\/ul>\n<p class=\"indent--1\">\n<ol>\n<li class=\"indent-1\">Was the overnight session a wide, two sided trading range? If the answer is yes, good chances for similar trading day during the primary session (primary session is when the cash\/stock market is open)<\/li>\n<li class=\"indent-1\">Mondays have the highest chance for trending days<\/li>\n<li class=\"indent-1\">The behavior of the first hour of trading can also suggests the type of action for the rest of the day.<\/li>\n<li class=\"indent-1\">If the first 30 minutes of the trading day have good volume, better chances for type 1 or type 2 trading days.<\/li>\n<li class=\"indent-1\">Low volume during the first 30 minutes can suggest a choppy (type 3 trading day)<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>If you are a day trader,<\/strong>\u00a0below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.<\/p>\n<p><a href=\"https:\/\/www.cannontrading.com\/company\/contact\" target=\"_blank\" rel=\"noopener\">Questions? We are happy to help!<\/a><\/p>\n<p style=\"text-align: center;\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/75657348-a427-4563-8a75-ab5da374c6e2.png\" width=\"356\" height=\"235\" alt=\"\" title=\"\"><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/\"><img decoding=\"async\" src=\"https:\/\/ci4.googleusercontent.com\/proxy\/7kJuSXfr6c2EADmOeEAcM7mSso0u8a_i6X34OgYh_LR6D5TqLuPBwntxgg2tsaKqlZqaCFJEYHw3tJuMXrJ-0ikOkUdZqDGIZXxEvzi_I0U6GXWTXlTxPc6ieb-gK0j9aE_ScfcNVOKkCGyEHuDeVKU=s0-d-e1-ft#https:\/\/emailsignature.trustpilot.com\/newsletter\/en-US\/2\/581795fd0000ff000596d6a7\/stars.png\" alt=\"\" title=\"\"><\/a><\/p>\n<p align=\"center\"><a href=\"https:\/\/www.cannontrading.com\/\"><img decoding=\"async\" src=\"https:\/\/ci6.googleusercontent.com\/proxy\/9Hnv4wEzz7dLV5tO6SrpnQPN9ZafvOmDqoWX2ZfX5qsMvk8MUPgrgLYiZHzlc1Z9GYxFfC5bfA_rDS7RBu_Bn3dtP3DtxhIoKpaPG8m4D9mnAE_3g8VpovlWeYzAugYr7M2YIR7AvM8vgYyklnF_4OyDTA=s0-d-e1-ft#https:\/\/emailsignature.trustpilot.com\/newsletter\/en-US\/2\/581795fd0000ff000596d6a7\/text@2x.png\" alt=\"\" title=\"\"><\/a><\/p>\n<h3 style=\"text-align: center;\" align=\"center\">Daily Levels for June 21st, 2024<\/h3>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3615d64b-93fd-4df6-9d68-b3ace4cb184b.png\" alt=\"\" title=\"\"><\/p>\n<p style=\"text-align: center;\"><a href=\"https:\/\/www.cannontrading.com\/tools\/education-day-trading-101\"><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/bf9b3e0d-9c23-44e8-980c-a8c01bfbe2cf.png\" width=\"554\" height=\"369\" alt=\"\" title=\"\"><\/a><\/p>\n<div style=\"text-align: center;\" align=\"center\"><strong>Economic Reports<\/strong><\/div>\n<div style=\"text-align: center;\" align=\"center\">provided by:<a href=\"https:\/\/www.forexfactory.com\/\" target=\"_blank\" rel=\"noopener\" data-segment-action=\"add\" data-segment-id=\"436d64a0-dd7d-11e3-91c2-d4ae529a8639\">\u00a0<\/a><a href=\"https:\/\/www.forexfactory.com\/calendar?day=tomorrow\" target=\"_blank\" rel=\"noopener\">ForexFactory.com<\/a><\/div>\n<div style=\"text-align: center;\" align=\"center\">All times are Eastern Time ( New York)<\/div>\n<div style=\"text-align: center;\" align=\"center\"><\/div>\n<div align=\"center\"><img decoding=\"async\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/a08f0731-5db1-48da-be0d-c4591ad3ba0c.png\" alt=\"\" title=\"\"><\/div>\n<div style=\"text-align: center;\" align=\"center\"><\/div>\n<div style=\"text-align: center;\" align=\"center\"><\/div>\n<hr \/>\n<h2 style=\"text-align: center;\">Improve Your Trading Skills<\/h2>\n<p style=\"text-align: center;\">Get access to proprietary indicators and trading methods,\u00a0<a href=\"https:\/\/www.cannontrading.com\/services\/traders-profile\" target=\"_blank\" rel=\"noopener noreferrer\">consult with an experienced broker<\/a> at 1-800-454-9572.<\/p>\n<p style=\"text-align: center;\">Explore trading methods.\u00a0<a href=\"https:\/\/www.cannontrading.com\/tools\/intraday-futures-trading-signals\" target=\"_blank\" rel=\"noopener noreferrer\">Register Here<\/a><\/p>\n<div style=\"margin-top: 30px; margin-bottom: 30px; align: left;\"><span style=\"text-align: left;\"><a href=\"https:\/\/secure.ironbeam.com\/openaccount\/index.aspx?src=316&amp;k=27817434\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/files.constantcontact.com\/3dc00ef7001\/3b644da2-2bee-4d39-8d98-5208a20bec39.jpg\" width=\"258\" height=\"58\" alt=\"\" title=\"\"><\/a><\/span><\/div>\n<p style=\"text-align: left;\"><strong><em>* 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\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.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Get Real Time updates and more by joining our Private Facebook Group! Subscribe to our\u00a0YouTube Channel Listen to our Market Recap Podcasts on Apple Podcasts &nbsp; &nbsp; Today&#8217;s somewhat volatile but choppy\/ two sided price action in stock index futures,\u00a0\u00a0encouraged me to share the following with you on the different types of trading days: In [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-19888","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19888","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=19888"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19888\/revisions"}],"predecessor-version":[{"id":19889,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/19888\/revisions\/19889"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=19888"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=19888"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=19888"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}