{"id":3225,"date":"2012-03-06T20:49:33","date_gmt":"2012-03-07T04:49:33","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3225"},"modified":"2014-09-12T02:16:53","modified_gmt":"2014-09-12T10:16:53","slug":"e-mini-sp-500-support-and-resistance-levels-2","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/e-mini-sp-500-support-and-resistance-levels-2\/","title":{"rendered":"E-Mini SP 500 – 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. Support and Resistance Levels – March Corn, March Wheat, Jan Beans, March Silver<\/a><\/strong>
\n5.Economic Report for March 7, 2012<\/a><\/strong><\/p>\n

Hello Traders,<\/p>\n

I mentioned last week I was looking for a confirmation to go short the mini SP500<\/a> on a swing trading basis. The confirmation came during last night session when the market broke below the red moving avg. ( my trigger) at 1363.<\/p>\n

The hard question now is where does one place a stop, where does one look for profit target? etc.<\/p>\n

The answer can vary quite a bit from trader to trader based on ones account size, time frame traded, market outlook and much more….<\/p>\n

My initial target is still 1323 followed by 1289 but the hard part is where to place a stop now that the market has moved in my favor?<\/p>\n

The proper stop is still around 1371, but like I said, you can attack this in many different ways and only the future will tell which route was the best to manage this trade…..<\/p>\n

\"EP
EP – E- mini S&P 500, Equalized Active Daily Continuation<\/figcaption><\/figure>\n

<\/p>\n

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 (March 2012)<\/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>\n1358.43<\/td>\n2612.00<\/td>\n12877<\/td>\n821.87<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1353.87<\/td>\n2602.50<\/td>\n12843<\/td>\n813.63<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1347.93<\/td>\n2595.00<\/td>\n12792<\/td>\n800.17<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1343.37<\/td>\n2585.50<\/td>\n12758<\/td>\n791.93<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1337.43<\/td>\n2578.00<\/td>\n12707<\/td>\n778.47<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1332.87<\/td>\n2568.50<\/td>\n12673<\/td>\n770.23<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1326.93<\/td>\n2561.00<\/td>\n12622<\/td>\n756.77<\/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>\nApril. Gold<\/td>\nMarch Euro<\/td>\nApril Crude Oil<\/td>\nMarch. Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n1747.5<\/td>\n1.3317<\/td>\n109.46<\/td>\n144 7\/32<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n1728.7<\/td>\n1.3272<\/td>\n108.40<\/td>\n143 9\/32<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n1701.1<\/td>\n1.3194<\/td>\n106.63<\/td>\n142 18\/32<\/td>\n<\/tr>\n
Pivot Point<\/td>\n1682.3<\/td>\n1.3149<\/td>\n105.57<\/td>\n141 20\/32<\/td>\n<\/tr>\n
Support Level 1<\/td>\n1654.7<\/td>\n1.3071<\/td>\n103.80<\/td>\n140 29\/32<\/td>\n<\/tr>\n
Support Level 2<\/td>\n1635.9<\/td>\n1.3026<\/td>\n102.74<\/td>\n139 31\/32<\/td>\n<\/tr>\n
Support Level 3<\/td>\n1608.3<\/td>\n1.2948<\/td>\n100.97<\/td>\n139 8\/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>\nMay Corn<\/td>\nMay Wheat<\/td>\nMay Beans<\/td>\nMay Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance Level 3<\/td>\n666.8<\/td>\n660.7<\/td>\n1362.17<\/td>\n3561.5<\/td>\n<\/tr>\n
Resistance Level 2<\/td>\n662.7<\/td>\n659.6<\/td>\n1349.08<\/td>\n3491.0<\/td>\n<\/tr>\n
Resistance Level 1<\/td>\n658.3<\/td>\n658.7<\/td>\n1342.17<\/td>\n3390.0<\/td>\n<\/tr>\n
Pivot Point<\/td>\n654.2<\/td>\n657.6<\/td>\n1329.08<\/td>\n3319.5<\/td>\n<\/tr>\n
Support 1<\/td>\n649.8<\/td>\n656.7<\/td>\n1322.2<\/td>\n3218.5<\/td>\n<\/tr>\n
Support Level 2<\/td>\n645.7<\/td>\n655.6<\/td>\n1309.08<\/td>\n3148.0<\/td>\n<\/tr>\n
Support Level 3<\/td>\n641.3<\/td>\n654.7<\/td>\n1302.17<\/td>\n3047.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

8:15am USD
\nADP Non-Farm Employment Change<\/p>\n

8:30am USD
\nRevised Nonfarm Productivity q\/q<\/p>\n

8:30am USD
\nRevised Unit Labor Costs q\/q<\/p>\n

10:30am USD
\nCrude Oil Inventories<\/p>\n

3:00pm USD
\nConsumer Credit m\/m<\/p>\n

 <\/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 March 7, 2012 Hello Traders, […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67],"tags":[64,83],"class_list":["post-3225","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\/3225","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=3225"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3225\/revisions"}],"predecessor-version":[{"id":5604,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3225\/revisions\/5604"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3225"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3225"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3225"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}