{"id":2668,"date":"2011-11-29T23:08:49","date_gmt":"2011-11-30T07:08:49","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=2668"},"modified":"2014-09-11T23:16:25","modified_gmt":"2014-09-12T07:16:25","slug":"monthly-continuation-chart-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/monthly-continuation-chart-support-and-resistance-levels\/","title":{"rendered":"Monthly Continuation 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. Economic Reports for Wednesday, November 30, 2011<\/a><\/strong><\/p>\n

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

As November is almost behind us, (tomorrow is the last trading day for November ) I thought it would be appropriate to share the mini SP monthly chart for a MUCH longer term picture.<\/p>\n

I know most of the readers of this blog are day-traders by nature but it is always wise to have a view of different time frames.<\/p>\n

Monthly chart below, along with some possible Elliott Wave counts as well as some Fibonacci retracement levels.<\/p>\n

Also heads up, if you are trading GOLD, SILVER, BONDS and GRAINS, it is time to trade the March contract for these markets ( February Gold) as December is entering delivery period.<\/strong><\/p>\n

\"monthly<\/p>\n

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

<\/a>2. 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>\n1215.17<\/td>\n2269.50<\/td>\n11704<\/td>\n723.03<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1209.08<\/td>\n2255.00<\/td>\n11655<\/td>\n715.17<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1203.17<\/td>\n2234.00<\/td>\n11607<\/td>\n705.43<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1197.08<\/td>\n2219.50<\/td>\n11558<\/td>\n697.57<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1191.17<\/td>\n2198.50<\/td>\n11510<\/td>\n687.83<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1185.08<\/td>\n2184.00<\/td>\n11461<\/td>\n679.97<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1179.17<\/td>\n2163.00<\/td>\n11413<\/td>\n670.23<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

<\/a>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>\nFeb. Gold<\/td>\nDec. Euro<\/td>\nJan. Crude Oil<\/td>\nMarch. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1730.2<\/td>\n1.3579<\/td>\n103.87<\/td>\n145 7\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1723.4<\/td>\n1.3512<\/td>\n102.01<\/td>\n144 16\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1719.1<\/td>\n1.3421<\/td>\n100.95<\/td>\n143 23\/32<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1712.3<\/td>\n1.3354<\/td>\n99.09<\/td>\n143<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1708.0<\/td>\n1.3263<\/td>\n98.03<\/td>\n142 7\/32<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1701.2<\/td>\n1.3196<\/td>\n96.17<\/td>\n141 16\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1696.9<\/td>\n1.3105<\/td>\n95.11<\/td>\n140 23\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

4. Economic Reports<\/h3>\n

German Retail Sales
\n2:00am<\/p>\n

French Consumer Spending
\n2:45am<\/p>\n

ECB President Draghi Soeaks
\n3:00am<\/p>\n

German Unemployment Change
\n3:55am<\/p>\n

Italian Monthly Unemployment Rate
\n4:00am<\/p>\n

ECOFIN Meetings
\nAll Day<\/p>\n

CPI Flash Estimate
\n5:00am<\/p>\n

Unemployment Rate
\n5:00am<\/p>\n

Italian Prelim CPI
\n5:00am<\/p>\n

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

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

Revised Nonfarm Productivity
\n8:30am<\/p>\n

Revised Unit Labor Costs
\n9:45am<\/p>\n

Chicago PMI
\n9:45am<\/p>\n

Pending Home Sales
\n10:00am<\/p>\n

Crude Oil Inventories
\n10:30am<\/p>\n

Beige Book
\n2:00pm<\/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. Economic Reports for Wednesday, November 30, 2011 As November is almost behind us, (tomorrow is the last trading day for November […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[230,61],"tags":[578,49],"class_list":["post-2668","post","type-post","status-publish","format-standard","hentry","category-day-trading-2","category-futures-trading-2","tag-monthly-continuation-chart","tag-support-and-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2668","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=2668"}],"version-history":[{"count":4,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2668\/revisions"}],"predecessor-version":[{"id":8197,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2668\/revisions\/8197"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2668"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2668"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2668"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}