{"id":21130,"date":"2025-03-04T13:43:01","date_gmt":"2025-03-04T21:43:01","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=21130"},"modified":"2025-03-04T13:43:30","modified_gmt":"2025-03-04T21:43:30","slug":"nasdaq","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/nasdaq\/","title":{"rendered":"Nasdaq, S&P 500 Ride the Volatility Lightning! Market Insights & Economic Highlights"},"content":{"rendered":"

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Movers & Shakers by John Thorpe, Senior Broker<\/h1>\n\n\n\n
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Nasdaq<\/strong><\/em><\/h2>\n

Movers and Shakers: Volatile Day Ahead, Full of Reports<\/em><\/strong><\/p>\n

President Trump addressing joint session of congress this evening @ 9 PM Eastern, 6 PM Pacific<\/p>\n

Market volatility is here to stay for the foreseeable future, with the Nasdaq and S&P 500 sliding downward at a serious clip.<\/p>\n

Choose your opportunities wisely. Don\u2019t miss out on the market news highlights of the day recap below!<\/p>\n

Nasdaq, S&P 500<\/strong><\/em><\/h2>\n

The S&P 500<\/strong><\/em> experienced an 114-point slide ($5700 per contract) The market has continued to recover from the initial losses and look to close in \u2013 50-point range near 5820.00 basis the March contract. The Nasdaq<\/strong><\/em>, after taking a drubbing down over 400 points earlier in the session, was running as positive as up 200. As, the Nasdaq is virtually unchanged now as of this typing while the DOW looks to subtract over .1% into the 43000 area.<\/p>\n

Tariff concerns creating a lack of confidence in the US Dollar as a safe-haven currency has pushed thru support at 106.00 looking to close in the 105.70 area for the first time since December 10th. The Grain markets should have been lower by much more than they were, Soybeans down 14 cents, Wheat down 11 and Corn down 4 \/12 cents, if the dollar were stronger today, our old crop supply is getting cheaper by the day.<\/p>\n

Crude oil, after experiencing a $1.70 range\u00a0will be closing near unchanged around the 68.40 area basis the April contract just .70 lower than one week ago.<\/p>\n

Econ Data<\/strong><\/em>:\u00a0ADP, S&P Global Svcs. PMI, Factory orders, ISM Svcs. PMI, EIA Crude Inventories, Beige Book<\/p>\n

FED Speak<\/strong><\/em>: Quiet<\/p>\n

Earnings<\/strong><\/em>: Quiet<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n

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May Soybeans<\/h3>\n

May soybeans activated downside PriceCount objectives off the February recovery peak and accelerated to the second objective. It would be normal to get a near term reacion from this level in the form of a consolidation or corrective trade. IF the chart can sustain further weakness, the third count would project a slide to the 9.73 area. The trade below the January reactionary low formally negated the remaining unmet upside objectives.<\/p>\n

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Daily Levels for March 5th, 2025<\/h1>\n

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Want to feature our updated trading levels on your website?\u00a0Simply paste a small code, and they’ll update automatically every day!\u00a0Click here for quick and easy instructions<\/a>.<\/em><\/h4>\n

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Economic Reports<\/h1>\n

provided by:\u00a0<\/a>ForexFactory.com<\/a><\/p>\n

All times are Eastern Time (New York)<\/p>\n

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Movers & Shakers by John Thorpe, Senior Broker Nasdaq Movers and Shakers: Volatile Day Ahead, Full of Reports President Trump addressing joint session of congress this evening @ 9 PM Eastern, 6 PM Pacific Market volatility is here to stay for the foreseeable future, with the Nasdaq and S&P 500 sliding downward at a serious […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1243,1434,231,76,239,67,70,30,3,61,358,1334,1484,1378],"tags":[1634,19],"class_list":["post-21130","post","type-post","status-publish","format-standard","hentry","category-bitcoin-futures","category-charts-indicators","category-commodity-brokers-2","category-commodity-trading-2","category-financial-futures","category-future-trading-news","category-future-trading-platform","category-futures-broker-2","category-futures-exchange","category-futures-trading-2","category-futures-trading-education","category-gold-futures","category-nasdaq","category-sp-500","tag-nasdaq","tag-sp-500"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21130","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\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=21130"}],"version-history":[{"count":2,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21130\/revisions"}],"predecessor-version":[{"id":21133,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/21130\/revisions\/21133"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=21130"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=21130"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=21130"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}