{"id":2017,"date":"2011-09-06T22:42:54","date_gmt":"2011-09-06T22:42:54","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2017"},"modified":"2014-09-11T03:01:34","modified_gmt":"2014-09-11T11:01:34","slug":"more-volatitity-after-holiday-weekend-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/more-volatitity-after-holiday-weekend-support-and-resistance-levels\/","title":{"rendered":"More Volatitity after Holiday Weekend | Support and Resistance Levels"},"content":{"rendered":"

In this post:<\/span>
\n
\n1. Market Commentary
\n2. Support and Resistance Levels
\n3. Hourly Futures chart of PIT big S&P500
\n4. Economic Reports
\n5. Highlighted Earnings Releases
\n<\/strong><\/p>\n

\"\"<\/p>\n

<\/p>\n

1. Market Commentary<\/h3>\n

Market came back from a long weekend with extra energy and extra volatility.<\/p>\n

We gaped lower to start the session and then bounced most of the day after better than expected ISM.<\/p>\n

At this point, there more than a few gaps on the daily chart to be filled in both directions.<\/p>\n

I am looking at a “band” between 1183 and 1136 as we go into tonight’s and tomorrow session.<\/p>\n

To be honest, I don’t have a feel on which way to play the market outside of day-trading set ups right now.<\/p>\n

I share these set ups, like the one below using the hourly chart in my daily, live signals service.<\/p>\n

Hourly chart of PIT (big SP500) for your review below:<\/p>\n

GOOD TRADING!<\/p>\n

\"\"<\/p>\n

<\/p>\n

2. SUPPORT AND RESISTANCE LEVELS!<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (Sept. 2011)<\/td>\nSP500 (big & Mini)<\/td>\nNasdaq100 (big & Mini)<\/td>\nDow Jones (big & Mini)<\/td>\nMini Russell<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/strong><\/td>\n1201.00<\/td>\n2243.67<\/td>\n11419<\/td>\n713.27<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1183.40<\/td>\n2207.08<\/td>\n11279<\/td>\n697.83<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1173.70<\/td>\n2186.17<\/td>\n11204<\/td>\n688.57<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1156.10<\/td>\n2149.58<\/td>\n11064<\/td>\n673.13<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1146.40<\/td>\n2128.67<\/td>\n10989<\/td>\n663.87<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1128.80<\/td>\n2092.08<\/td>\n10849<\/td>\n648.43<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1119.10<\/td>\n2071.17<\/td>\n10774<\/td>\n639.17<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nDec. Gold<\/td>\nSept. Euro<\/td>\nOct. Crude Oil<\/td>\nDec. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/strong><\/td>\n1952.8<\/td>\n1.4504<\/td>\n91.02<\/td>\n143 8\/32<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1932.1<\/td>\n1.4394<\/td>\n88.81<\/td>\n142 18\/32<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1906.5<\/td>\n1.4190<\/td>\n87.62<\/td>\n141 22\/32<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1885.8<\/td>\n1.4080<\/td>\n85.41<\/td>\n141<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1860.2<\/td>\n1.3876<\/td>\n84.22<\/td>\n140 4\/32<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1839.5<\/td>\n1.3766<\/td>\n82.01<\/td>\n139 14\/32<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1813.9<\/td>\n1.3562<\/td>\n80.82<\/td>\n138 18\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"<\/p>\n

<\/p>\n

3. Hourly Futures chart of PIT big S&P500 from September 6th, 2011<\/h3>\n

\"Hourly<\/p>\n

\"\"<\/p>\n

<\/p>\n

4. Economic Reports Wednesday September 7th, 2011<\/h3>\n

FOMC Member Evans Speaks
\n11:15am USD<\/p>\n

Beige Book
\n2:00pm USD<\/p>\n

Economics Report Source: http:\/\/www.forexfactory.com\/calendar.php<\/a><\/em><\/p>\n

\"\"<\/p>\n

<\/p>\n

5. Today’s Highlighted Earnings Releases<\/h3>\n\n\n\n\n\n\n\n\n\n\n
SYMBOL<\/td>\nCOMPANY<\/td>\nEVENT TITLE<\/td>\nEPS ESTIMATE<\/td>\nEPS ACTUAL<\/td>\nPREV. YEAR ACTUAL<\/td>\nDATE\/TIME (ET)<\/td>\n<\/tr>\n<\/thead>\n
ALTR<\/td>\nAltera Corp<\/strong><\/td>\nQ3 2011 Altera Corp Earnings Release<\/td>\n$ 0.64<\/td>\nn\/a<\/td>\n$ 0.69<\/td>\n6-Sep AMC<\/td>\n<\/tr>\n
GNS.L<\/td>\nGenus PLC<\/strong><\/td>\nPreliminary 2011 Genus plc Earnings Release<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\n6-Sep<\/td>\n<\/tr>\n
KONG<\/td>\nKongZhong Corp<\/strong><\/td>\nQ2 2011 KongZhong Corp Earnings Release<\/td>\n$ 0.11<\/td>\nn\/a<\/td>\n$ 0.07<\/td>\n6-Sep AMC<\/td>\n<\/tr>\n
PIKE<\/td>\nPike Electric Corp<\/strong><\/td>\nQ4 2011 Pike Electric Corp Earnings Release<\/td>\n$ 0.04<\/td>\nn\/a<\/td>\n-$ 0.12<\/td>\n6-Sep BMO<\/td>\n<\/tr>\n
PAY<\/td>\nVerifone Systems Inc<\/strong><\/td>\nQ3 2011 Verifone Systems Inc Earnings Release<\/td>\n$ 0.46<\/td>\nn\/a<\/td>\n$ 0.36<\/td>\n6-Sep AMC<\/td>\n<\/tr>\n
MMBM.MZ<\/td>\nAKB Bank Moskvy OAO<\/strong><\/td>\nH1 2011 BANK OF MOSCOW Earnings Release<\/td>\nn\/a<\/td>\nn\/a<\/td>\nn\/a<\/td>\n6-Sep<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

In this post: 1. Market Commentary 2. Support and Resistance Levels 3. Hourly Futures chart of PIT big S&P500 4. Economic Reports 5. Highlighted Earnings Releases 1. Market Commentary Market came back from a long weekend with extra energy and extra volatility. We gaped lower to start the session and then bounced most of the […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[949,49],"class_list":["post-2017","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-future-trading-news","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2017","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=2017"}],"version-history":[{"count":17,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2017\/revisions"}],"predecessor-version":[{"id":2033,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2017\/revisions\/2033"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}