{"id":2539,"date":"2011-11-06T01:34:37","date_gmt":"2011-11-06T01:34:37","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2539"},"modified":"2014-09-11T22:50:31","modified_gmt":"2014-09-12T06:50:31","slug":"trading-multiple-time-frames-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/trading-multiple-time-frames-support-and-resistance-levels\/","title":{"rendered":"Trading Multiple Time Frames | Support and Resistance Levels"},"content":{"rendered":"

Jump to a section in this post:<\/span>
\n1. Market Commentary<\/a><\/strong>
\n2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong>
\n3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4. Daily Mini S&P Chart<\/a><\/strong>
\n5. Economic Reports for Wednesday November 2, 2011<\/a><\/strong><\/p>\n

\"\"
\n<\/a><\/p>\n

Market Commentary<\/h3>\n

DAYLIGHT SAVING ends this weekend!<\/p>\n

International traders especially, please pay attention we are moving the clocks an hour back.<\/strong><\/p>\n

\"\"
\n<\/a><\/p>\n

Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract (Dec. 2011)<\/td>\nSP500
\n(big & Mini)<\/td>\n		Nasdaq100
\n(big & Mini)<\/td>\n		Dow Jones
\n(big & Mini)<\/td>\n		Mini Russell<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1272.83<\/td>\n2398.00<\/td>\n12250<\/td>\n767.40<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1262.17<\/td>\n2379.00<\/td>\n12129<\/td>\n758.50<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1256.33<\/td>\n2365.00<\/td>\n12032<\/td>\n751.90<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1245.67<\/td>\n2346.00<\/td>\n11911<\/td>\n743.00<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1239.83<\/td>\n2332.00<\/td>\n11814<\/td>\n736.40<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1229.17<\/td>\n2313.00<\/td>\n11693<\/td>\n727.50<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1223.33<\/td>\n2299.00<\/td>\n11596<\/td>\n720.90<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/h3>\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 Level 3<\/td>\n1780.2<\/td>\n1.4034<\/td>\n97.35<\/td>\n143 20\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1772.4<\/td>\n1.3957<\/td>\n96.14<\/td>\n142 18\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1765.3<\/td>\n1.3863<\/td>\n95.29<\/td>\n141 25\/32<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1757.5<\/td>\n1.3786<\/td>\n94.08<\/td>\n140 23\/32<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1750.4<\/td>\n1.3692<\/td>\n93.23<\/td>\n139 30\/32<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1742.6<\/td>\n1.3615<\/td>\n92.02<\/td>\n138 28\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1735.5<\/td>\n1.3521<\/td>\n91.17<\/td>\n138 3\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\"\"
\n<\/a><\/p>\n

4. Daily Mini S&P Chart<\/h3>\n

On a different note please see weekly chart of the SP500 for your review below, which also brings me to a quick tip on how I try to manage trading multiple time frames.<\/p>\n

There are times that I will have trades that I consider swing trades or longer term trades while I still look for intra day or day trade opportunities. When that happens I will try to use different contracts. Example, lets say I think that there is a set up based on the daily chart for short position on stock indices, I may go short mini Dow but then there might be a daytrade set up for different directions in which I will use the mini SP in order not to confuse myself between my longer term set ups and my intraday set ups.<\/p>\n

Have a great weekend!!<\/p>\n

\"Daily<\/a><\/p>\n

\"\"
\n<\/a><\/p>\n

5. Economic Reports for Monday, November 7, 2011<\/h3>\n

Sentix Investor Confidence
\n5:30am<\/p>\n

Retail Sales m\/m
\n6:00am<\/p>\n

German Industrial Production m\/m
\n7:00am<\/p>\n

Consumer Credit m\/m
\n4:00pm<\/p>\n","protected":false},"excerpt":{"rendered":"

Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000 3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4. Daily Mini S&P Chart 5. Economic Reports for Wednesday November 2, 2011 Market Commentary DAYLIGHT SAVING ends this weekend! International traders […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,119,230,237],"tags":[357,51,49,558],"class_list":["post-2539","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-crude-oil","category-day-trading-2","category-energy-futures","tag-crude-oil-2","tag-crude-oil-futures","tag-support-and-resistance-levels","tag-trading-multiple-time-frames"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2539","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=2539"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2539\/revisions"}],"predecessor-version":[{"id":8195,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2539\/revisions\/8195"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2539"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2539"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2539"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}