{"id":3489,"date":"2012-04-23T13:50:14","date_gmt":"2012-04-23T21:50:14","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3489"},"modified":"2014-09-12T04:07:17","modified_gmt":"2014-09-12T12:07:17","slug":"strong-sell-off-to-start-the-week-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/strong-sell-off-to-start-the-week-support-and-resistance-levels\/","title":{"rendered":"Strong Sell Off to Start the Week | 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 – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5. Economic Reports for Tuesday April 24, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/p>\n

Strong sell off to start the week. We have two day FOMC meeting with announcement coming Wednesday Morning.<\/strong><\/p>\n

Hourly chart of the mini SP with potential extensions both for a bounce up or continued move down below for your information:<\/strong><\/p>\n

\"\"<\/p>\n

GOOD TRADING!<\/p>\n

Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.<\/small><\/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 (June 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 3<\/td>\n1376.67<\/td>\n2691.67<\/td>\n12997<\/td>\n819.23<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1370.23<\/td>\n2672.83<\/td>\n12938<\/td>\n810.07<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1366.87<\/td>\n2662.67<\/td>\n12907<\/td>\n800.03<\/td>\n<\/tr>\n
Pivot<\/td>\n1360.43<\/td>\n2643.83<\/td>\n12848<\/td>\n790.87<\/td>\n<\/tr>\n
Support 1<\/td>\n1357.07<\/td>\n2633.67<\/td>\n12817<\/td>\n780.83<\/td>\n<\/tr>\n
Support 2<\/td>\n1350.63<\/td>\n2614.83<\/td>\n12758<\/td>\n771.67<\/td>\n<\/tr>\n
Support 3<\/td>\n1347.27<\/td>\n2604.67<\/td>\n12727<\/td>\n761.63<\/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>\nJune Gold<\/td>\nJune Euro<\/td>\nMay Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1668.3<\/td>\n1.3320<\/td>\n106.12<\/td>\n144 9\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1656.3<\/td>\n1.3267<\/td>\n105.01<\/td>\n143 23\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1647.7<\/td>\n1.3213<\/td>\n104.04<\/td>\n143 6\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1635.7<\/td>\n1.3160<\/td>\n102.93<\/td>\n142 20\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1627.1<\/td>\n1.3106<\/td>\n101.96<\/td>\n142 3\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1615.1<\/td>\n1.3053<\/td>\n100.85<\/td>\n141 17\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1606.5<\/td>\n1.2999<\/td>\n99.88<\/td>\n141<\/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 3<\/td>\n625.2<\/td>\n647.5<\/td>\n1464.92<\/td>\n3277.5<\/td>\n<\/tr>\n
Resistance 2<\/td>\n618.8<\/td>\n640.5<\/td>\n1459.33<\/td>\n3223.0<\/td>\n<\/tr>\n
Resistance 1<\/td>\n615.7<\/td>\n636.5<\/td>\n1450.17<\/td>\n3154.0<\/td>\n<\/tr>\n
Pivot<\/td>\n609.3<\/td>\n629.5<\/td>\n1444.58<\/td>\n3099.5<\/td>\n<\/tr>\n
Support 1<\/td>\n606.2<\/td>\n625.5<\/td>\n1435.4<\/td>\n3030.5<\/td>\n<\/tr>\n
Support 2<\/td>\n599.8<\/td>\n618.5<\/td>\n1429.83<\/td>\n2976.0<\/td>\n<\/tr>\n
Support 3<\/td>\n596.7<\/td>\n614.5<\/td>\n1420.67<\/td>\n2907.0<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

5:00am EUR
\nIndustrial New Orders m\/m
\n<\/strong><\/p>\n

9:00am EUR
\nBelgium NBB Business Climate
\n<\/strong><\/p>\n

9:00am EUR
\nS&P\/CS Composite-20 HPI y\/y
\n<\/strong><\/p>\n

10:00am USD
\nCB Consumer Confidence
\n<\/strong><\/p>\n

10:00am USD
\nNew Home Sales
\n<\/strong><\/p>\n

10:00am USD
\nOFHEO HPI m\/m
\n<\/strong><\/p>\n

10:00am USD
\n<\/strong>Richmond Manufacturing Index<\/strong><\/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 – Corn, Wheat, Beans, Silver 5. Economic Reports for Tuesday April 24, 2012   Hello Traders, Strong […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[149,134,602],"class_list":["post-3489","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-commodity-futures-broker","tag-futures-trading-brokers","tag-futures-trading-online"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3489","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=3489"}],"version-history":[{"count":6,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3489\/revisions"}],"predecessor-version":[{"id":8494,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3489\/revisions\/8494"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3489"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3489"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3489"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}