{"id":3202,"date":"2012-03-01T00:22:02","date_gmt":"2012-03-01T08:22:02","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3202"},"modified":"2014-09-12T02:15:14","modified_gmt":"2014-09-12T10:15:14","slug":"mini-sp-500-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/mini-sp-500-support-and-resistance-levels\/","title":{"rendered":"Mini S&#038;P 500 &#8211; Support and Resistance Levels"},"content":{"rendered":"<p><span style=\"text-decoration: underline;\">Jump to a section in this post:<\/span><br \/>\n<strong>1. <a href=\"#one\">Market Commentary<\/a><\/strong><br \/>\n<strong>2. <a href=\"#two\">Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000<\/a><\/strong><br \/>\n<strong>3. <a href=\"#three\">Support and Resistance Levels &#8211; Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong><br \/>\n<strong>4. <a href=\"#four\">Support and Resistance Levels &#8211; March Corn, March Wheat, Jan Beans, March Silver<\/a><\/strong><br \/>\n<strong>5.<a href=\"#five\">Economic Report for March 1, 2012<\/a><\/strong><\/p>\n<p><strong>Happy Leap Day!<\/strong><\/p>\n<p>Hello Traders,<\/p>\n<p>Daily chart of the Mini SP500 for your review below.<\/p>\n<p>After more than a few narrow trading sessions on relatively low volume, we had a small reversal and breakout to the down side on above than avg. volume.<\/p>\n<p>I would look to be a seller as a swing trading idea if the market breaks below 1356.<\/p>\n<p>My recommended stop would be 1379.00 and my initial target would be 1323 followed by 1289.<\/p>\n<p>Of course this is just my opinion using technical analysis and each trader should make their own trading decision based on their risk tolerance and their own judgment but I thought I would share it with the blog readers.<\/p>\n<figure id=\"attachment_3203\" aria-describedby=\"caption-attachment-3203\" style=\"width: 647px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-3203\" title=\"Daily chart of the Mini SP500\" alt=\"Daily chart of the Mini SP500\" src=\"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-content\/uploads\/2012\/03\/541.png\" width=\"647\" height=\"800\" \/><figcaption id=\"caption-attachment-3203\" class=\"wp-caption-text\">Daily chart of the Mini SP500<\/figcaption><\/figure>\n<h3><!--more--><\/h3>\n<h3><strong><a name=\"two\"><\/a>2. Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000<\/strong><\/h3>\n<table class=\"blog_table\" style=\"font-weight: bold;\" summary=\"Support and Resistance Levels for trading - S&amp;P 500, Nasdaq 100, Dow Jones, Mini Russell\">\n<thead>\n<tr>\n<td width=\"168\" height=\"43\">Contract (March 2012)<\/td>\n<td width=\"130\">SP500<br \/>\n(big &amp; Mini)<\/td>\n<td width=\"130\">Nasdaq100<br \/>\n(big &amp; Mini)<\/td>\n<td width=\"130\">Dow Jones<br \/>\n(big &amp; Mini)<\/td>\n<td width=\"130\">Mini Russell<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 3<\/td>\n<td rowspan=\"1\" colspan=\"1\">1388.50<\/td>\n<td rowspan=\"1\" colspan=\"1\">2671.67<\/td>\n<td rowspan=\"1\" colspan=\"1\">13138<\/td>\n<td rowspan=\"1\" colspan=\"1\">842.80<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 2<\/td>\n<td rowspan=\"1\" colspan=\"1\">1382.75<\/td>\n<td rowspan=\"1\" colspan=\"1\">2658.33<\/td>\n<td rowspan=\"1\" colspan=\"1\">13087<\/td>\n<td rowspan=\"1\" colspan=\"1\">836.20<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 1<\/td>\n<td rowspan=\"1\" colspan=\"1\">1374.00<\/td>\n<td rowspan=\"1\" colspan=\"1\">2640.67<\/td>\n<td rowspan=\"1\" colspan=\"1\">13018<\/td>\n<td rowspan=\"1\" colspan=\"1\">824.30<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Pivot Point<\/td>\n<td rowspan=\"1\" colspan=\"1\">1368.25<\/td>\n<td rowspan=\"1\" colspan=\"1\">2627.33<\/td>\n<td rowspan=\"1\" colspan=\"1\">12967<\/td>\n<td rowspan=\"1\" colspan=\"1\">817.70<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 1<\/td>\n<td rowspan=\"1\" colspan=\"1\">1359.50<\/td>\n<td rowspan=\"1\" colspan=\"1\">2609.67<\/td>\n<td rowspan=\"1\" colspan=\"1\">12898<\/td>\n<td rowspan=\"1\" colspan=\"1\">805.80<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 2<\/td>\n<td rowspan=\"1\" colspan=\"1\">1353.75<\/td>\n<td rowspan=\"1\" colspan=\"1\">2596.33<\/td>\n<td rowspan=\"1\" colspan=\"1\">12847<\/td>\n<td rowspan=\"1\" colspan=\"1\">799.20<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 3<\/td>\n<td rowspan=\"1\" colspan=\"1\">1345.00<\/td>\n<td rowspan=\"1\" colspan=\"1\">2578.67<\/td>\n<td rowspan=\"1\" colspan=\"1\">12778<\/td>\n<td rowspan=\"1\" colspan=\"1\">787.30<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong><a name=\"three\"><\/a>3. Support &amp; Resistance Levels for Gold, Euro, Crude Oil, and U.S. T-Bonds<\/strong><\/h3>\n<table class=\"blog_table\" style=\"font-weight: bold;\" summary=\"Support and Resistance Levels for trading - Gold, Euro, Crude Oil, and U.S. Treasury Bonds\">\n<thead>\n<tr>\n<td width=\"168\" height=\"43\">Contract<\/td>\n<td width=\"130\">April. Gold<\/td>\n<td width=\"130\">March Euro<\/td>\n<td width=\"130\">April Crude Oil<\/td>\n<td width=\"130\">March. Bonds<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 3<\/td>\n<td rowspan=\"1\" colspan=\"1\">1865.8<\/td>\n<td rowspan=\"1\" colspan=\"1\">1.3610<\/td>\n<td rowspan=\"1\" colspan=\"1\">110.56<\/td>\n<td rowspan=\"1\" colspan=\"1\">144 6\/32<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 2<\/td>\n<td rowspan=\"1\" colspan=\"1\">1829.0<\/td>\n<td rowspan=\"1\" colspan=\"1\">1.3549<\/td>\n<td rowspan=\"1\" colspan=\"1\">108.99<\/td>\n<td rowspan=\"1\" colspan=\"1\">143 15\/32<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 1<\/td>\n<td rowspan=\"1\" colspan=\"1\">1761.9<\/td>\n<td rowspan=\"1\" colspan=\"1\">1.3438<\/td>\n<td rowspan=\"1\" colspan=\"1\">107.97<\/td>\n<td rowspan=\"1\" colspan=\"1\">142 18\/32<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Pivot Point<\/td>\n<td rowspan=\"1\" colspan=\"1\">1725.1<\/td>\n<td rowspan=\"1\" colspan=\"1\">1.3377<\/td>\n<td rowspan=\"1\" colspan=\"1\">106.40<\/td>\n<td rowspan=\"1\" colspan=\"1\">141 27\/32<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 1<\/td>\n<td rowspan=\"1\" colspan=\"1\">1658.0<\/td>\n<td rowspan=\"1\" colspan=\"1\">1.3266<\/td>\n<td rowspan=\"1\" colspan=\"1\">105.38<\/td>\n<td rowspan=\"1\" colspan=\"1\">140 30\/32<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 2<\/td>\n<td rowspan=\"1\" colspan=\"1\">1621.2<\/td>\n<td rowspan=\"1\" colspan=\"1\">1.3205<\/td>\n<td rowspan=\"1\" colspan=\"1\">103.81<\/td>\n<td rowspan=\"1\" colspan=\"1\">140 7\/32<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 3<\/td>\n<td rowspan=\"1\" colspan=\"1\">1554.1<\/td>\n<td rowspan=\"1\" colspan=\"1\">1.3094<\/td>\n<td rowspan=\"1\" colspan=\"1\">102.79<\/td>\n<td rowspan=\"1\" colspan=\"1\">139 10\/32<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong><a name=\"four\"><\/a>4. Support &amp; Resistance Levels for Corn, Wheat, Beans and Silver<\/strong><\/h3>\n<table class=\"blog_table\" style=\"font-weight: bold;\" summary=\"Support and Resistance Levels for trading - Gold, Euro, Crude Oil, and U.S. Treasury Bonds\">\n<thead>\n<tr>\n<td width=\"168\" height=\"43\">Contract<\/td>\n<td width=\"130\">May Corn<\/td>\n<td width=\"130\">May Wheat<\/td>\n<td width=\"130\">May Beans<\/td>\n<td width=\"130\">May Silver<\/td>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 3<\/td>\n<td rowspan=\"1\" colspan=\"1\">669.4<\/td>\n<td rowspan=\"1\" colspan=\"1\">680.5<\/td>\n<td rowspan=\"1\" colspan=\"1\">1340.67<\/td>\n<td rowspan=\"1\" colspan=\"1\">4057.3<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 2<\/td>\n<td rowspan=\"1\" colspan=\"1\">665.3<\/td>\n<td rowspan=\"1\" colspan=\"1\">676.0<\/td>\n<td rowspan=\"1\" colspan=\"1\">1332.33<\/td>\n<td rowspan=\"1\" colspan=\"1\">3907.7<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Resistance Level 1<\/td>\n<td rowspan=\"1\" colspan=\"1\">661.7<\/td>\n<td rowspan=\"1\" colspan=\"1\">672.0<\/td>\n<td rowspan=\"1\" colspan=\"1\">1326.17<\/td>\n<td rowspan=\"1\" colspan=\"1\">3681.8<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Pivot Point<\/td>\n<td rowspan=\"1\" colspan=\"1\">657.6<\/td>\n<td rowspan=\"1\" colspan=\"1\">667.5<\/td>\n<td rowspan=\"1\" colspan=\"1\">1317.83<\/td>\n<td rowspan=\"1\" colspan=\"1\">3532.2<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 1<\/td>\n<td rowspan=\"1\" colspan=\"1\">653.9<\/td>\n<td rowspan=\"1\" colspan=\"1\">663.5<\/td>\n<td rowspan=\"1\" colspan=\"1\">1311.7<\/td>\n<td rowspan=\"1\" colspan=\"1\">3306.3<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 2<\/td>\n<td rowspan=\"1\" colspan=\"1\">649.8<\/td>\n<td rowspan=\"1\" colspan=\"1\">659.0<\/td>\n<td rowspan=\"1\" colspan=\"1\">1303.33<\/td>\n<td rowspan=\"1\" colspan=\"1\">3156.7<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"1\" colspan=\"1\">Support Level 3<\/td>\n<td rowspan=\"1\" colspan=\"1\">646.2<\/td>\n<td rowspan=\"1\" colspan=\"1\">655.0<\/td>\n<td rowspan=\"1\" colspan=\"1\">1297.17<\/td>\n<td rowspan=\"1\" colspan=\"1\">2930.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/www.cannontrading.com\/images\/divider-black-190.gif\" title=\"\"><br \/>\n<a name=\"five\"><\/a><\/p>\n<h3>5. Economic Reports<\/h3>\n<p>4:00am EUR<br \/>\nItalian Monthly Unemployment Rate<\/p>\n<p>5:00am EUR<br \/>\nCPI Flash Estimate y\/y<\/p>\n<p>5:00am EUR<br \/>\nUnemployment Rate<\/p>\n<p>5:00am EUR<br \/>\nItalian Prelim CPI m\/m<\/p>\n<p>8:30am USD<br \/>\nUnemployment Claims<\/p>\n<p>8:30am USD<br \/>\nCore PCE Price Index m\/m<\/p>\n<p>0.2%<br \/>\n0.2%<br \/>\n8:30am USD<br \/>\nPersonal Spending m\/m<\/p>\n<p>8:30am USD<br \/>\nPersonal Income m\/m<\/p>\n<p>10:00am USD<br \/>\nFed Chairman Bernanke Testifies<\/p>\n<p>10:00am USD<br \/>\nISM Manufacturing PMI<\/p>\n<p>10:00am USD<br \/>\nConstruction Spending m\/m<\/p>\n<p>10:00am USD<br \/>\nISM Manufacturing Prices<\/p>\n<p>10:30am USD<br \/>\nFOMC Member Raskin Speaks<\/p>\n<p>10:30am USD<br \/>\nNatural Gas Storage<\/p>\n<p>All Day USD<br \/>\nTotal Vehicle Sales<\/p>\n<p>12:30pm USD<br \/>\nFOMC Member Lockhart Speaks<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jump to a section in this post: 1. Market Commentary 2. Support and Resistance Levels &#8211; S&amp;P, Nasdaq, Dow Jones, Russell 2000 3. Support and Resistance Levels &#8211; Gold, Euro, Crude Oil, T-Bonds 4. Support and Resistance Levels &#8211; March Corn, March Wheat, Jan Beans, March Silver 5.Economic Report for March 1, 2012 Happy Leap [&hellip;]<\/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":[109,102],"class_list":["post-3202","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","tag-mini","tag-mini-sp-500"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3202","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=3202"}],"version-history":[{"count":9,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3202\/revisions"}],"predecessor-version":[{"id":3970,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3202\/revisions\/3970"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3202"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3202"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3202"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}