{"id":2577,"date":"2011-11-16T15:04:52","date_gmt":"2011-11-16T15:04:52","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2577"},"modified":"2014-09-11T23:00:12","modified_gmt":"2014-09-12T07:00:12","slug":"daily-mini-sp-chart-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/daily-mini-sp-chart-support-and-resistance-levels\/","title":{"rendered":"Daily Mini S&P Chart | 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 16 2011<\/a><\/strong><\/p>\n

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

<\/a>1. Market Commentary<\/h3>\n

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

<\/a>
\nStock index futures are in consolidation stage, trading between 1185 and 1289 since Oct. 18th (over100 points which is still a very WIDE range but nonetheless compare to the moves we have seen since this summer, I will consider it a range).<\/p>\n

Before I can take a stance over medium to longer term price action, I will need to see if we can either take out 1204 or 1289. In between, the intra-day ranges provide both opportunities and risks for day-traders.<\/p>\n

My tiny wisdom tip for today is: Your biggest battle as a day-trader is probably BEING selective in the trades you take, being patient ( which can be hard for many traders) and executing the plan you have once in a trade. Work on this every trading day, try to make small progress, keep a journal.<\/p>\n

\"\"<\/p>\n

2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/h3>\n

 <\/p>\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>\n1283.50<\/td>\n2423.67<\/td>\n12267<\/td>\n775.07<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1272.75<\/td>\n2398.83<\/td>\n12193<\/td>\n760.13<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1263.50<\/td>\n2379.17<\/td>\n12117<\/td>\n749.87<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1252.75<\/td>\n2354.33<\/td>\n12043<\/td>\n734.93<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1243.50<\/td>\n2334.67<\/td>\n11967<\/td>\n724.67<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1232.75<\/td>\n2309.83<\/td>\n11893<\/td>\n709.73<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1223.50<\/td>\n2290.17<\/td>\n11817<\/td>\n699.47<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/strong>
\n<\/strong><\/p>\n

 <\/p>\n

3. Support & Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/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>\n1810.7<\/td>\n1.3759<\/td>\n102.69<\/td>\n143 29\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1799.2<\/td>\n1.3700<\/td>\n101.27<\/td>\n143 8\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1790.9<\/td>\n1.3614<\/td>\n100.36<\/td>\n142 16\/32<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1779.4<\/td>\n1.3555<\/td>\n98.94<\/td>\n141 27\/32<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1771.1<\/td>\n1.3469<\/td>\n98.03<\/td>\n141 3\/32<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1759.6<\/td>\n1.3410<\/td>\n96.61<\/td>\n140 14\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1751.3<\/td>\n1.3324<\/td>\n95.70<\/td>\n139 22\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


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

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

\"daily<\/p>\n

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

5. Economic Report for Wednesday, November 16, 2011<\/h3>\n

CPI y\/y
\n5:00am<\/p>\n

Core CPI y\/y
\n5:00am<\/p>\n

Core CPI m\/m
\n8:30am<\/p>\n

CPI m\/m
\n8:30am<\/p>\n

TIC Long-Term Purchase
\n9:00am<\/p>\n

Capacity Utilization Rate
\n9:15am<\/p>\n

Industrial Production
\n9:15am<\/p>\n

NAHB Housing Market Index
\n10:00am<\/p>\n

Crude Oil Inventories
\n10:30am<\/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 16 2011 1. Market Commentary Stock index futures are in consolidation […]<\/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":[567,49],"class_list":["post-2577","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-futures-trading-2","tag-daily-mini-sp-chart","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2577","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=2577"}],"version-history":[{"count":3,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2577\/revisions"}],"predecessor-version":[{"id":2583,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2577\/revisions\/2583"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}