{"id":22998,"date":"2026-06-15T13:20:55","date_gmt":"2026-06-15T20:20:55","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=22998"},"modified":"2026-06-15T13:20:55","modified_gmt":"2026-06-15T20:20:55","slug":"risk-ipo","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/risk-ipo\/","title":{"rendered":"Risk-On \u2014 But at an Inflection Point PLUS: CannonEdge Snapshot, Levels, Reports; Your 4 Important Can’t-Miss Need-To-Knows for Trading Futures on June 16th, 2026"},"content":{"rendered":"\n\n\n
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At A Glance Levels<\/h3>\n\n\n\n\n\n\n\n\n
Instrument<\/th>\nS2<\/th>\nS1<\/th>\nPivot<\/th>\nR1<\/th>\nR2<\/th>\n<\/th>\n<\/th>\n<\/tr>\n<\/thead>\n
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Gold (GC)<\/strong><\/h2>\n

\u2014 Aug (#GC)<\/td>\n

4230.50<\/td>\n4285.70<\/td>\n4338.60<\/td>\n4393.80<\/td>\n4446.70<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Silver (SI)<\/strong><\/h2>\n

\u2014 July. (#SI)<\/td>\n

67.44<\/td>\n68.82<\/td>\n70.11<\/td>\n71.50<\/td>\n72.79<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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Crude Oil (CL)<\/strong><\/h2>\n

\u2014 July. (#CL)<\/td>\n

78.47<\/td>\n79.95<\/td>\n81.19<\/td>\n82.67<\/td>\n83.91<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
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\u00a0Sept. Bonds (ZB)<\/strong><\/h2>\n

\u2014 Sept. (#ZB)<\/td>\n

111 29\/32<\/td>\n112 5\/32<\/td>\n112 23\/32<\/td>\n112 31\/32<\/td>\n113 17\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Risk-On \u2014 But at an Inflection Point<\/h1>\n

\"risk\"<\/p>\n

Bottom Line<\/h2>\n

A few things jumped out this week. The market paid up for the SpaceX IPO \u2014 the stock opened at $150 against a $135 offer price and was trading near $170 by Friday. And the Russell 2000 made fresh all-time highs on Friday alongside the S&P 500 Equal Weight. New highs in the Russell are usually a risk-on signal \u2014 that is the kind of broadening you want to see.<\/p>\n

RUT<\/h3>\n

But there is also a resistance trendline in the RUT (you\u2019ll see it in the charts below), and that is why this is an inflection point. The next thing to watch closely is whether the Russell 2000 can clear this resistance and confirm risk-on, or whether this turns out to be a top. It could simply be consolidation here. The market will tell us which.<\/p>\n

VIX, Treasury, US\/Iran<\/h3>\n

The week itself was choppy. Stocks recovered from a volatile start on rising peace hopes around U.S.\u2013Iran. The VIX briefly pushed above 23 on Tuesday before cooling back to a calmer 18 by Friday. Treasury yields and oil prices both cooled too, largely driven by Thursday reports that the U.S. and Iran could sign a deal \u201cin the next few days.\u201d<\/p>\n

CPI & PPI<\/h3>\n

CPI and core PPI came in cooler than expected, but headline PPI ran hot and annual inflation is still at multi-year highs above the Fed\u2019s target. The pullback in oil and yields should both favor the bulls if it holds. That is the cleanest read of the macro tape this week.<\/p>\n

READ THE REST and SEE CHARTS<\/a><\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Edge \u2014 Your Daily Futures Snapshot for June 16th<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Daily Levels for June 16th<\/h3>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Economic Reports<\/h3>\n

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

All times are Central Time ( Chicago)<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Find us on Trustpilot<\/h1>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.\u00a0You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/em><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n
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Cannon Trading Co., Inc.<\/span><\/strong><\/em><\/p>\n

12100 Wilshire Blvd.<\/span><\/strong><\/em><\/p>\n

Suite 1640<\/span><\/strong><\/em><\/p>\n

Los Angeles, CA 90025 US<\/span><\/strong><\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

At A Glance Levels Instrument S2 S1 Pivot R1 R2 Gold (GC) \u2014 Aug (#GC) 4230.50 4285.70 4338.60 4393.80 4446.70 Silver (SI) \u2014 July. (#SI) 67.44 68.82 70.11 71.50 72.79 Crude Oil (CL) \u2014 July. (#CL) 78.47 79.95 81.19 82.67 83.91 \u00a0Sept. Bonds (ZB) \u2014 Sept. (#ZB) 111 29\/32 112 5\/32 112 23\/32 112 31\/32 […]<\/p>\n","protected":false},"author":19,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,234],"tags":[627,1844,1442,1440],"class_list":["post-22998","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-trading-guide","tag-futures","tag-risk","tag-risk-management","tag-vix"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22998","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\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/comments?post=22998"}],"version-history":[{"count":1,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22998\/revisions"}],"predecessor-version":[{"id":22999,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/22998\/revisions\/22999"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=22998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=22998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=22998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}