{"id":2324,"date":"2011-10-04T22:16:30","date_gmt":"2011-10-04T22:16:30","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2324"},"modified":"2017-07-03T03:15:13","modified_gmt":"2017-07-03T11:15:13","slug":"what-to-do-in-market-conditions-of-high-volatility-and-increased-range-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/what-to-do-in-market-conditions-of-high-volatility-and-increased-range-support-and-resistance-levels\/","title":{"rendered":"What to do in Market Conditions of High Volatility and Increased Range | Support and Resistance Levels"},"content":{"rendered":"

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

\"\"<\/p>\n

<\/p>\n

1. Market Commentary<\/h3>\n

Big volume day. We made new lows but then reversed and rallied strong into the last hour.<\/p>\n

Bear market rallies can be pretty vicious…. If we would have taken out yesterdays high on this rally, the buy signal you see in the chart below would have been pretty powerful, but as is if this market can maintain the “legs” it showed today, we can see a test of 1154.<\/p>\n

Should be another interesting trading day tomorrow.<\/p>\n

Regardless of the market direction, understand that as volatility and ranges increase, one needs to adjust their trading size LOWER in order not to get “stopped by noise”.<\/p>\n

Below is a daily chart of the mini SP<\/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>\n1185.33<\/td>\n2244.08<\/td>\n11281<\/td>\n709.20<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1152.42<\/td>\n2185.42<\/td>\n11015<\/td>\n677.80<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1134.33<\/td>\n2153.08<\/td>\n10860<\/td>\n659.90<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1101.42<\/td>\n2094.42<\/td>\n10594<\/td>\n628.50<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1083.33<\/td>\n2062.08<\/td>\n10439<\/td>\n610.60<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1050.42<\/td>\n2003.42<\/td>\n10173<\/td>\n579.20<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1032.33<\/td>\n1971.08<\/td>\n10018<\/td>\n561.30<\/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>\n1694.5<\/td>\n1.3657<\/td>\n81.70<\/td>\n148 3\/32<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1676.4<\/td>\n1.3512<\/td>\n79.85<\/td>\n147 8\/32<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1649.1<\/td>\n1.3433<\/td>\n78.66<\/td>\n145 27\/32<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1631.0<\/td>\n1.3288<\/td>\n76.81<\/td>\n145<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1603.7<\/td>\n1.3209<\/td>\n75.62<\/td>\n143 19\/32<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1585.6<\/td>\n1.3064<\/td>\n73.77<\/td>\n142 24\/32<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1558.3<\/td>\n1.2985<\/td>\n72.58<\/td>\n141 11\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"<\/p>\n

<\/p>\n

3. Daily Mini S&P 500 Futures Chart from October 4, 2011<\/h3>\n

\"Daily<\/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

    <\/p>\n

    4. Economic Reports for Wednesday October 4, 2011<\/h3>\n

    Challenger Job Cuts y\/y
    \n7:30am<\/p>\n

    ADP Non-Farm Employment Change
    \n8:15am<\/p>\n

    ISM Non-Manufacturing PMI
    \n10:00am<\/p>\n

    Crude Oil Inventories
    \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 Mini S&P 500 Futures Chart 4. Economic Reports 1. Market Commentary Big volume day. We made new lows but then reversed and rallied strong into the last hour. Bear market rallies can be pretty vicious…. If we would have taken out yesterdays […]<\/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":[949,546],"class_list":["post-2324","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-future-trading-news","tag-market-conditions"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2324","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=2324"}],"version-history":[{"count":10,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2324\/revisions"}],"predecessor-version":[{"id":12713,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2324\/revisions\/12713"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2324"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2324"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2324"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}