{"id":2990,"date":"2012-01-19T00:30:50","date_gmt":"2012-01-19T08:30:50","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=2990"},"modified":"2014-09-12T01:36:45","modified_gmt":"2014-09-12T09:36:45","slug":"15-minutes-mini-sp-chart-from-todays-session-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/15-minutes-mini-sp-chart-from-todays-session-support-and-resistance-levels\/","title":{"rendered":"15 Minutes mini SP Chart from Today’s Session"},"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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver<\/a><\/strong>
\n5.Economic Report for January 19, 2012<\/a><\/strong><\/p>\n

1. Market Commentary<\/h3>\n

Volume is getting slightly better as the holiday season\/ New year\/ MLK is now behind us.<\/p>\n

I wanted to touch base very briefly on a study many people know and use FIBONACCI levels and how the sierra charts ( ATcharts) has a study called Fibonacci Auto Retracement, which will draw the levels on your chart automatically as the market makes new highs\/ lows etc.<\/p>\n

I find this useful instead of having to go and manually draw levels.<\/p>\n

I also find these levels useful for profit targets and stops since by formula, these FIB levels as I call them take into account the range of the trading day, hence on days when ranges are wide, it will provide you possible stops and\/ or targets that are wider and vice versa, when the trading day is narrow, the targets will get tighter.<\/p>\n

Here are two screen shots on how I select the study and how it looks like on a 15 minutes mini SP chart from today’s session.<\/p>\n

\"Chat
Chat Studies for ESH2 15 min<\/figcaption><\/figure>\n

 <\/p>\n

\"ESH2
ESH2 15 min Chart<\/figcaption><\/figure>\n

Notice how the FIB lines ( support \/ resistance levels) adjusted as market made new highs.<\/p>\n

<\/p>\n

<\/a>2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/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>\n1326.23<\/td>\n2463.50<\/td>\n12673<\/td>\n795.13<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1315.22<\/td>\n2443.75<\/td>\n12597<\/td>\n785.47<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1308.73<\/td>\n2431.50<\/td>\n12553<\/td>\n780.13<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1297.72<\/td>\n2411.75<\/td>\n12477<\/td>\n770.47<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1291.23<\/td>\n2399.50<\/td>\n12433<\/td>\n765.13<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1280.22<\/td>\n2379.75<\/td>\n12357<\/td>\n755.47<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1273.73<\/td>\n2367.50<\/td>\n12313<\/td>\n750.13<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>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>\nFeb. Gold<\/td>\nDec. Euro<\/td>\nJan. Crude Oil<\/td>\nMarch. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1688.2<\/td>\n1.3033<\/td>\n104.17<\/td>\n146 11\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1675.6<\/td>\n1.2950<\/td>\n103.12<\/td>\n145 28\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1667.4<\/td>\n1.2901<\/td>\n101.95<\/td>\n145<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1654.8<\/td>\n1.2818<\/td>\n100.90<\/td>\n144 17\/32<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1646.6<\/td>\n1.2769<\/td>\n99.73<\/td>\n143 21\/32<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1634.0<\/td>\n1.2686<\/td>\n98.68<\/td>\n143 6\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1625.8<\/td>\n1.2637<\/td>\n97.51<\/td>\n142 10\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

<\/a>4. Support & Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n\n\n\n\n\n\n\n\n\n\n\n
Contract<\/td>\nMarch Corn<\/td>\nMarch Wheat<\/td>\nJan. Beans<\/td>\nMarch. Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n607.3<\/td>\n605.2<\/td>\n1204.00<\/td>\n3162.0<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n604.2<\/td>\n602.1<\/td>\n1195.50<\/td>\n3110.5<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n598.8<\/td>\n597.2<\/td>\n1189.50<\/td>\n3077.0<\/td>\n<\/tr>\n
Pivot Point<\/td>\n595.7<\/td>\n594.1<\/td>\n1181.00<\/td>\n3025.5<\/td>\n<\/tr>\n
Support Level 1<\/td>\n590.3<\/td>\n589.2<\/td>\n1175.0<\/td>\n2992.0<\/td>\n<\/tr>\n
Support Level 2<\/td>\n587.2<\/td>\n586.1<\/td>\n1166.50<\/td>\n2940.5<\/td>\n<\/tr>\n
Support Level 3<\/td>\n581.8<\/td>\n581.2<\/td>\n1160.50<\/td>\n2907.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

ECB Monthly Bulletin<\/p>\n

4:00am<\/p>\n

 <\/p>\n

Building Permits<\/p>\n

8:30am<\/p>\n

 <\/p>\n

Core CPI<\/p>\n

8:30am<\/p>\n

 <\/p>\n

Unemployment Claims<\/p>\n

8:30am<\/p>\n

 <\/p>\n

CPI<\/p>\n

8:30am<\/p>\n

 <\/p>\n

Housing Starts<\/p>\n

8:30am<\/p>\n

 <\/p>\n

Philly Fed Manufacturing Index<\/p>\n

10:00am<\/p>\n

 <\/p>\n

Natural Gas Storage<\/p>\n

10:30am<\/p>\n

 <\/p>\n

Crude Oil Inventories<\/p>\n

11:00am<\/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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver 5.Economic Report for January 19, 2012 1. Market […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67],"tags":[64,83],"class_list":["post-2990","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","tag-commodity-future-trading","tag-e-mini-sp-500"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2990","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=2990"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2990\/revisions"}],"predecessor-version":[{"id":3009,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/2990\/revisions\/3009"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=2990"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=2990"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=2990"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}