{"id":20501,"date":"2024-11-05T21:24:38","date_gmt":"2024-11-05T21:24:38","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=20501"},"modified":"2024-11-05T21:27:47","modified_gmt":"2024-11-05T21:27:47","slug":"markets-hold-breath-elections-iran-tensions-and-fomc-decision-awaited","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/markets-hold-breath-elections-iran-tensions-and-fomc-decision-awaited\/","title":{"rendered":"Markets Hold Breath: Elections, Iran Tensions, and FOMC Decision Awaited"},"content":{"rendered":"\n\n\n
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Equities, US Elections, Iranian Threats and FOMC week<\/h3>\n

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

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Today, Equities rallied on ultra light volume.<\/p>\n

When “volume is light and prices are up,” it indicates a situation where a price is increasing, but with a relatively low number of contracts being traded, suggesting limited investor enthusiasm or potential weakness in the price movement, as a strong trend usually coincides with higher trading volume.<\/p>\n

The reasons for light volume could be associated with several factors. Last week investors sold off on high volume; money still sitting on the sidelines waiting for the results of the U.S. Elections.\u00a0Many FCM\u2019s have increased their day trading margins to the exchange initial requirement for overnight positions. This restricts liquidity, today\u2019s action smells like potentially a short covering rally, more cash on the sideline. What I expect, post election for the initial strong price movement\u00a0to be a head fake, the wrong move for the longer term trend and must be faded. For Risk managers during this time, caution abounds.<\/p>\n

Not only is the world watching the U.S. Presidential election, we can\u2019t lose sight of which party takes control of congress, Republicans are expected to win the Senate and Democrats to win the House, These winners will play an important role determining how the winner of the presidency will likely govern.<\/p>\n

If you hadn\u2019t heard , The Ayatollah has issued a fatwah Crushing Isreal and the US after the U.S. election.<\/p>\n

\u201cThe enemies, both the U.S. and the Zionist regime, should know that they will definitely receive a tooth-breaking response to what they are doing against Iran and the resistance front,\u201d Khamenei said. The chief of Iran\u2019s Islamic Revolutionary Guard Corps, General Hossein Salami, echoed these sentiments by stating Iran \u201cwill give an unimaginable response to the enemy.\u201d<\/p>\n

In addition to the above, all markets have already priced in the expected .25 decrease in the fed funds rate this coming Thursday.<\/p>\n

If you are on the sidelines, waiting for margins to resume to normal, we appreciate your patience, Hopefully, this will be a minor disruption, as will all the above with your trading plans.<\/p>\n

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Daily Levels for November 6th 2024<\/strong><\/p>\n

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About:\u00a0Cannon Trading is an independent futures brokerage firm established in 1988 in Los Angeles. Our mission is to provide reliable service along with the latest technological advances and choices while keeping our clients informed and educated in the field of futures and commodities trading.<\/div>\n
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Join our\u00a0Private Facebook group Subscribe to our\u00a0YouTube Channel Listen to our podcast: Subscribe on\u00a0Apple,\u00a0Spotify,\u00a0Amazon,\u00a0or wherever you listen to podcasts!   Equities, US Elections, Iranian Threats and FOMC week By John Thorpe, Senior Broker   Today, Equities rallied on ultra light volume. When “volume is light and prices are up,” it indicates a situation where a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[231,76,230,67,30,61],"tags":[],"class_list":["post-20501","post","type-post","status-publish","format-standard","hentry","category-commodity-brokers-2","category-commodity-trading-2","category-day-trading-2","category-future-trading-news","category-futures-broker-2","category-futures-trading-2"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20501","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=20501"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20501\/revisions"}],"predecessor-version":[{"id":20503,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/20501\/revisions\/20503"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=20501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=20501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=20501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}