{"id":3542,"date":"2012-05-01T20:22:38","date_gmt":"2012-05-02T04:22:38","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=3542"},"modified":"2017-07-03T04:08:05","modified_gmt":"2017-07-03T12:08:05","slug":"significant-gains-today-followed-by-fizzling-of-market-support-and-resistance-levels","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/significant-gains-today-followed-by-fizzling-of-market-support-and-resistance-levels\/","title":{"rendered":"Significant Gains Today Followed by Fizzling of Market | 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 Wednesday May 2, 2012<\/a><\/strong><\/p>\n

 <\/p>\n

Hello Traders,<\/p>\n

Interesting action today. Strong start after better than expected ISM and construction spending reports. Markets made significant gains but fizzled during the last hour with NASDAQ and RUSSELL finishing negative for the day – some what bearish close. Should be interesting ahead of Friday’s unemployment report.<\/strong><\/p>\n

On a a different note, screen shot below is from my daily live chart service where I share few markets in real-time with interested clients and prospects.\u00a0<\/strong><\/p>\n

\"\"<\/p>\n

If you would like to come and “visit” and try the service for yourself, please visit:<\/p>\n

Our Live Trading signals page.<\/a><\/div>\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>\n1430.57<\/td>\n2785.83<\/td>\n13440<\/td>\n840.93<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1421.03<\/td>\n2769.17<\/td>\n13360<\/td>\n834.97<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1410.77<\/td>\n2744.33<\/td>\n13290<\/td>\n823.53<\/td>\n<\/tr>\n
Pivot<\/td>\n1401.23<\/td>\n2727.67<\/td>\n13210<\/td>\n817.57<\/td>\n<\/tr>\n
Support 1<\/td>\n1390.97<\/td>\n2702.83<\/td>\n13140<\/td>\n806.13<\/td>\n<\/tr>\n
Support 2<\/td>\n1381.43<\/td>\n2686.17<\/td>\n13060<\/td>\n800.17<\/td>\n<\/tr>\n
Support 3<\/td>\n1371.17<\/td>\n2661.33<\/td>\n12990<\/td>\n788.73<\/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>\n1685.6<\/td>\n1.3362<\/td>\n108.86<\/td>\n144 5\/32<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1678.9<\/td>\n1.3324<\/td>\n107.65<\/td>\n143 21\/32<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1670.8<\/td>\n1.3282<\/td>\n106.82<\/td>\n143<\/td>\n<\/tr>\n
Pivot<\/td>\n1664.1<\/td>\n1.3244<\/td>\n105.61<\/td>\n142 16\/32<\/td>\n<\/tr>\n
Support 1<\/td>\n1656.0<\/td>\n1.3202<\/td>\n104.78<\/td>\n141 27\/32<\/td>\n<\/tr>\n
Support 2<\/td>\n1649.3<\/td>\n1.3164<\/td>\n103.57<\/td>\n141 11\/32<\/td>\n<\/tr>\n
Support 3<\/td>\n1641.2<\/td>\n1.3122<\/td>\n102.74<\/td>\n140 22\/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>\nJuly Silver<\/td>\n<\/tr>\n<\/thead>\n
Resistance 3<\/td>\n642.7<\/td>\n650.2<\/td>\n1517.67<\/td>\n3186.2<\/td>\n<\/tr>\n
Resistance 2<\/td>\n638.3<\/td>\n648.3<\/td>\n1510.83<\/td>\n3161.3<\/td>\n<\/tr>\n
Resistance 1<\/td>\n633.7<\/td>\n645.7<\/td>\n1507.17<\/td>\n3128.7<\/td>\n<\/tr>\n
Pivot<\/td>\n629.3<\/td>\n643.8<\/td>\n1500.33<\/td>\n3103.8<\/td>\n<\/tr>\n
Support 1<\/td>\n624.7<\/td>\n641.2<\/td>\n1496.7<\/td>\n3071.2<\/td>\n<\/tr>\n
Support 2<\/td>\n620.3<\/td>\n639.3<\/td>\n1489.83<\/td>\n3046.3<\/td>\n<\/tr>\n
Support 3<\/td>\n615.7<\/td>\n636.7<\/td>\n1486.17<\/td>\n3013.7<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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

5. Economic Reports<\/h3>\n

3:55am EUR
\nGerman Unemployment Change
\n<\/strong><\/p>\n

4:00am EUR
\n<\/strong>Final Manufacturing PMI<\/strong><\/p>\n

4:00am EUR
\nItalian Monthly Unemployment Rate
\n<\/strong><\/p>\n

5:00am EUR
\nUnemployment Rate
\n<\/strong><\/p>\n

All Day EUR
\nECOFIN Meetings
\n<\/strong><\/p>\n

8:00am USD
\nFOMC Member Tarullo Speaks
\n<\/strong><\/p>\n

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

10:00am USD
\nFactory Orders m\/m
\n<\/strong><\/p>\n

10:30am USD
\nCrude Oil Inventories
\n<\/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 Wednesday May 2, 2012   Hello Traders, Interesting […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67,233],"tags":[149,134,602],"class_list":["post-3542","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","category-options-trading-2","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\/3542","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=3542"}],"version-history":[{"count":7,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3542\/revisions"}],"predecessor-version":[{"id":12781,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/3542\/revisions\/12781"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=3542"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=3542"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=3542"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}