{"id":2333,"date":"2011-10-06T04:51:02","date_gmt":"2011-10-06T04:51:02","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2333"},"modified":"2014-09-11T04:44:13","modified_gmt":"2014-09-11T12:44:13","slug":"watch-for-the-friday-unemployment-report-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/watch-for-the-friday-unemployment-report-support-and-resistance-levels\/","title":{"rendered":"Watch for the Friday Unemployment Report | Support and Resistance Levels"},"content":{"rendered":"

In this post:<\/span>
\n
\n1. Market Commentary
\n2. Support and Resistance Levels
\n3. Daily Mini Russell 2000 Futures Chart
\n4. Economic Reports
\n<\/strong><\/p>\n

\"\"<\/p>\n

<\/p>\n

1. Market Commentary<\/h3>\n

The long signal we got yesterday after the close ( which I shared on this blog yesterday afternoon) turned to be valid.<\/p>\n

What stands in the way of more meaningful rally is this friday morning unemployment report.<\/p>\n

If the market takes the data in a positive way, we may see 686 followed by 726 on the mini Russell daily chart below. But that’s a big if and time will tell…<\/p>\n

By the way, you can listen to the SP500 squawk box live tomorrow and Friday ( you can login before the market open and listen to the data as it comes out live.)<\/p>\n

The trial is open this week and will be available until market close on Oct.7th so visit: traderaudio.com<\/a> to start listening now:<\/p>\n

Username: open<\/p>\n

Password: squawk<\/p>\n

Daily chart of Mini Russell 2000 for your review below:<\/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>\n1178.50<\/td>\n2286.33<\/td>\n11208<\/td>\n686.63<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1159.75<\/td>\n2234.17<\/td>\n11045<\/td>\n672.87<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1147.50<\/td>\n2203.58<\/td>\n10945<\/td>\n663.03<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1128.75<\/td>\n2151.42<\/td>\n10782<\/td>\n649.27<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1116.50<\/td>\n2120.83<\/td>\n10682<\/td>\n639.43<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1097.75<\/td>\n2068.67<\/td>\n10519<\/td>\n625.67<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1085.50<\/td>\n2038.08<\/td>\n10419<\/td>\n615.83<\/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>\n1696.6<\/td>\n1.3519<\/td>\n83.61<\/td>\n145 19\/32<\/td>\n<\/tr>\n
Resistance 2<\/strong><\/td>\n1672.8<\/td>\n1.3450<\/td>\n81.71<\/td>\n145<\/td>\n<\/tr>\n
Resistance 1<\/strong><\/td>\n1657.0<\/td>\n1.3395<\/td>\n80.73<\/td>\n144 17\/32<\/td>\n<\/tr>\n
Pivot<\/strong><\/td>\n1633.2<\/td>\n1.3326<\/td>\n78.83<\/td>\n143 30\/32<\/td>\n<\/tr>\n
Support 1<\/strong><\/td>\n1617.4<\/td>\n1.3271<\/td>\n77.85<\/td>\n143 15\/32<\/td>\n<\/tr>\n
Support 2<\/strong><\/td>\n1593.6<\/td>\n1.3202<\/td>\n75.95<\/td>\n142 28\/32<\/td>\n<\/tr>\n
Support 3<\/strong><\/td>\n1577.8<\/td>\n1.3147<\/td>\n74.97<\/td>\n142 13\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"<\/p>\n

<\/p>\n

3. Daily Mini Russell 2000 Futures Chart from October 5, 2011<\/h3>\n

\"Daily<\/p>\n

<\/p>\n

4. Economic Reports for Thursday October 6, 2011<\/h3>\n

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

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

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

In this post: 1. Market Commentary 2. Support and Resistance Levels 3. Daily Mini Russell 2000 Futures Chart 4. Economic Reports 1. Market Commentary The long signal we got yesterday after the close ( which I shared on this blog yesterday afternoon) turned to be valid. What stands in the way of more meaningful rally […]<\/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":[547],"class_list":["post-2333","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-friday-unemployment-report"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2333","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=2333"}],"version-history":[{"count":9,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2333\/revisions"}],"predecessor-version":[{"id":2519,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2333\/revisions\/2519"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2333"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2333"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}