{"id":3504,"date":"2012-04-26T01:12:40","date_gmt":"2012-04-26T09:12:40","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3504"},"modified":"2014-09-12T04:11:16","modified_gmt":"2014-09-12T12:11:16","slug":"fomc-report-and-market-rally-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/fomc-report-and-market-rally-support-and-resistance-levels\/","title":{"rendered":"FOMC Report and Market Rally | 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 Thursday April 26, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/strong><\/p>\n

FOMC came and market continues to rally based on AAPL\u00a0 (Apple) earnings yesterday…<\/strong><\/p>\n

I shared a good hourly chart of the mini NASDAQ yesterday right before the close with a buy signal that turned out to be a good one….Here is an updated mini NASDAQ 100 hourly chart, with potential targets as well as possible pull backs along with two sell signals that were NOT confirmed by price action
\n(break below or above dashes):,<\/p>\n

\"\"<\/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>\n1397.33<\/td>\n2730.17<\/td>\n13132<\/td>\n827.47<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1392.52<\/td>\n2718.08<\/td>\n13093<\/td>\n820.13<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1390.13<\/td>\n2711.17<\/td>\n13067<\/td>\n814.87<\/td>\n<\/tr>\n
Pivot<\/td>\n1385.32<\/td>\n2699.08<\/td>\n13028<\/td>\n807.53<\/td>\n<\/tr>\n
Support 1<\/td>\n1382.93<\/td>\n2692.17<\/td>\n13002<\/td>\n802.27<\/td>\n<\/tr>\n
Support 2<\/td>\n1378.12<\/td>\n2680.08<\/td>\n12963<\/td>\n794.93<\/td>\n<\/tr>\n
Support 3<\/td>\n1375.73<\/td>\n2673.17<\/td>\n12937<\/td>\n789.67<\/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>\nJune Crude Oil<\/td>\nJune Bonds<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n1675.3<\/td>\n1.3314<\/td>\n106.19<\/td>\n143 26\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1661.4<\/td>\n1.3276<\/td>\n105.38<\/td>\n143 4\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1652.7<\/td>\n1.3250<\/td>\n104.73<\/td>\n142 16\/32<\/td>\n<\/tr>\n
Pivot<\/td>\n1638.8<\/td>\n1.3212<\/td>\n103.92<\/td>\n141 26\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1630.1<\/td>\n1.3186<\/td>\n103.27<\/td>\n141 6\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1616.2<\/td>\n1.3148<\/td>\n102.46<\/td>\n140 16\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1607.5<\/td>\n1.3122<\/td>\n101.81<\/td>\n139 28\/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>\nJuly Corn<\/td>\nJuly Wheat<\/td>\nJuly Beans<\/td>\nMay Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n626.8<\/td>\n651.5<\/td>\n1512.33<\/td>\n3214.8<\/td>\n<\/tr>\n
Resistance 2<\/td>\n621.7<\/td>\n646.5<\/td>\n1503.17<\/td>\n3155.7<\/td>\n<\/tr>\n
Resistance 1<\/td>\n611.3<\/td>\n636.5<\/td>\n1489.58<\/td>\n3110.8<\/td>\n<\/tr>\n
Pivot<\/td>\n606.2<\/td>\n631.5<\/td>\n1480.42<\/td>\n3051.7<\/td>\n<\/tr>\n
Support 1<\/td>\n595.8<\/td>\n621.5<\/td>\n1466.8<\/td>\n3006.8<\/td>\n<\/tr>\n
Support 2<\/td>\n590.7<\/td>\n616.5<\/td>\n1457.67<\/td>\n2947.7<\/td>\n<\/tr>\n
Support 3<\/td>\n580.3<\/td>\n606.5<\/td>\n1444.08<\/td>\n2902.8<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

All Day EUR
\nGerman Prelim CPI m\/m
\n<\/strong><\/p>\n

3:30am EUR
\nECB President Draghi Speaks
\n<\/strong><\/p>\n

8:30am USD
\nUnemployment Claims
\n<\/strong><\/p>\n

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

10:30am USD
\nNatural Gas Storage<\/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 Thursday April 26, 2012   Hello Traders, FOMC […]<\/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":[149,351,134,602],"class_list":["post-3504","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-commodity-futures-broker","tag-fomc-report","tag-futures-trading-brokers","tag-futures-trading-online"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3504","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=3504"}],"version-history":[{"count":5,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3504\/revisions"}],"predecessor-version":[{"id":3511,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3504\/revisions\/3511"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}