{"id":2294,"date":"2011-09-28T23:21:02","date_gmt":"2011-09-28T23:21:02","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2294"},"modified":"2014-09-11T04:36:09","modified_gmt":"2014-09-11T12:36:09","slug":"market-analysis-of-the-sp500-pit-session-hourly-chart-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/market-analysis-of-the-sp500-pit-session-hourly-chart-support-and-resistance-levels\/","title":{"rendered":"Market Analysis of the S&P500 PIT Session Hourly Chart | Support and Resistance Levels"},"content":{"rendered":"

In this post:<\/span>
\n
\n1. Market Commentary
\n2. Support and Resistance Levels
\n3. Daily S&P 500 Futures Chart
\n4. Economic Reports
\n<\/strong><\/p>\n

\"\"<\/p>\n

<\/p>\n

1. Market Commentary<\/h3>\n

I am back talking about the gaps and the PIT session SP500 as I have been for the last few days.<\/p>\n

We closed the gap at 1159 going down today and a look at hourly chart suggest that the short term gaps are all filled. Bit oversold on the downside but overall my indicators suggest short to medium term further downside pressure – however the market will need to take out 1070 before we can see another leg down, until then we should see volatility both ways.<\/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 (Dec. 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>\n1203.77<\/td>\n2319.75<\/td>\n11468<\/td>\n711.07<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1191.53<\/td>\n2297.75<\/td>\n11355<\/td>\n698.23<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1168.27<\/td>\n2256.00<\/td>\n11145<\/td>\n674.37<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1156.03<\/td>\n2234.00<\/td>\n11032<\/td>\n661.53<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1132.77<\/td>\n2192.25<\/td>\n10822<\/td>\n637.67<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1120.53<\/td>\n2170.25<\/td>\n10709<\/td>\n624.83<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1097.27<\/td>\n2128.50<\/td>\n10499<\/td>\n600.97<\/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>\nDec. Euro<\/td>\nNov. Crude Oil<\/td>\nDec. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/strong><\/td>\n1684.0<\/td>\n1.3800<\/td>\n87.47<\/td>\n143 21\/32<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1671.5<\/td>\n1.3742<\/td>\n86.05<\/td>\n142 20\/32<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1639.1<\/td>\n1.3641<\/td>\n83.39<\/td>\n141 28\/32<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1626.6<\/td>\n1.3583<\/td>\n81.97<\/td>\n140 27\/32<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1594.2<\/td>\n1.3482<\/td>\n79.31<\/td>\n140 3\/32<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1581.7<\/td>\n1.3424<\/td>\n77.89<\/td>\n139 2\/32<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1549.3<\/td>\n1.3323<\/td>\n75.23<\/td>\n138 10\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"<\/p>\n

<\/p>\n

3. Hourly S&P 500 Pit Session Chart from September 28, 2011<\/h3>\n

\"Hourly<\/p>\n

Would you like to have access to my DIAMOND ALGO as shown above and be able to apply for any market and any time frame?<\/p>\n

If so, please send me an email<\/a> with the following information:<\/p>\n

    \n
  1. Are you currently trading futures?<\/li>\n
  2. Charting software you use?<\/li>\n
  3. If you use sierra or ATcharts, please let me know the user name so I can enable you.<\/li>\n
  4. Markets you currently trade.<\/li>\n<\/ol>\n

    4. Economic Reports for Thursday September 29, 2011<\/h3>\n

    Unemployment Claims
    \n8:30am<\/p>\n

    Final GDP q\/q
    \n8:30am<\/p>\n

    Final GDP Price Index q\/q
    \n8:30am<\/p>\n

    Pending Home Sales m\/m
    \n10:00am<\/p>\n

    Natural Gas Storage
    \n10:30am<\/p>\n

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

    \"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

    In this post: 1. Market Commentary 2. Support and Resistance Levels 3. Daily S&P 500 Futures Chart 4. Economic Reports 1. Market Commentary I am back talking about the gaps and the PIT session SP500 as I have been for the last few days. We closed the gap at 1159 going down today and a […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[239,67],"tags":[543,544],"class_list":["post-2294","post","type-post","status-publish","format-standard","hentry","category-financial-futures","category-future-trading-news","tag-market-analysis","tag-sp500-pit-session"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2294","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=2294"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2294\/revisions"}],"predecessor-version":[{"id":8129,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2294\/revisions\/8129"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}