{"id":2451,"date":"2011-10-27T04:59:54","date_gmt":"2011-10-27T04:59:54","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2451"},"modified":"2014-09-11T05:11:23","modified_gmt":"2014-09-11T13:11:23","slug":"support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/support-and-resistance-levels\/","title":{"rendered":"Support and Resistance Levels"},"content":{"rendered":"

In this post:<\/span><\/p>\n

1. Market Commentary<\/strong> <\/strong>
\n2. Support and Resistance Levels<\/strong><\/p>\n

\"\"<\/p>\n

1. Market Commentary<\/h3>\n

The market has exhausted me and I feel some what “drained” by the events that’s taken place in the market, so initially I wasn’t going to write anything other than wish you good trading but then decided to write a few words on that topic exactly….<\/p>\n

Trading is not something you can do at 50% or 70%…You must be 100% focused, 100% alert, 100% NOT distracted etc.<\/p>\n

Too many times, traders will try to day trade while doing other things, being distracted, maybe not 100% focused in result of markets punishing them.<\/p>\n

So as hard as it may be and I know it is, if you know that on a certain day or time, you will be distracted by other things or your attention will be needed some where else or maybe you just don’t feel like yourself and feeling more tired than usual…THAN what separates “the man from the boys” is the ability to say” Today I am NOT going to trade” understanding that no trade is better than a bad trade is a big part of capital preservation which is a key for survival and hopefully success to follow.<\/p>\n

GOOD TRADING.<\/p>\n

\"\"<\/p>\n

2. Support and Resistance Levels<\/h3>\n

 <\/p>\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<\/td>\n1273.93<\/td>\n2423.58<\/td>\n12080<\/td>\n758.83<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1258.22<\/td>\n2386.92<\/td>\n11957<\/td>\n743.87<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1248.23<\/td>\n2360.08<\/td>\n11879<\/td>\n733.63<\/td>\n<\/tr>\n
Pivot<\/td>\n1232.52<\/td>\n2323.42<\/td>\n11756<\/td>\n718.67<\/td>\n<\/tr>\n
Support 1<\/td>\n1222.53<\/td>\n2296.58<\/td>\n11678<\/td>\n708.43<\/td>\n<\/tr>\n
Support 2<\/td>\n1206.82<\/td>\n2259.92<\/td>\n11555<\/td>\n693.47<\/td>\n<\/tr>\n
Support 3<\/td>\n1196.83<\/td>\n2233.08<\/td>\n11477<\/td>\n683.23<\/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<\/td>\n1756.3<\/td>\n1.4157<\/td>\n97.05<\/td>\n141 25\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1742.2<\/td>\n1.4064<\/td>\n95.49<\/td>\n141 3\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1731.7<\/td>\n1.3979<\/td>\n93.13<\/td>\n139 31\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1717.6<\/td>\n1.3886<\/td>\n91.57<\/td>\n139 9\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1707.1<\/td>\n1.3801<\/td>\n89.21<\/td>\n138 5\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1693.0<\/td>\n1.3708<\/td>\n87.65<\/td>\n137 15\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1682.5<\/td>\n1.3623<\/td>\n85.29<\/td>\n136 11\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

In this post: 1. Market Commentary 2. Support and Resistance Levels 1. Market Commentary The market has exhausted me and I feel some what “drained” by the events that’s taken place in the market, so initially I wasn’t going to write anything other than wish you good trading but then decided to write a few […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,61],"tags":[949,49],"class_list":["post-2451","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-future-trading-news","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2451","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=2451"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2451\/revisions"}],"predecessor-version":[{"id":8183,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2451\/revisions\/8183"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2451"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2451"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2451"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}