{"id":416,"date":"2010-09-27T20:35:48","date_gmt":"2010-09-27T20:35:48","guid":{"rendered":"http:\/\/www.cannontrading.com\/daily\/?p=416"},"modified":"2017-07-03T03:56:32","modified_gmt":"2017-07-03T11:56:32","slug":"price-levels-for-futures-traders-september-28th-2010","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/price-levels-for-futures-traders-september-28th-2010\/","title":{"rendered":"Price Levels for Futures Trading, September 28th 2010"},"content":{"rendered":"<p>Daily chart of Mini SP below. As I mentioned last week, I got a couple of potential &#8220;sell signals&#8221; and the market only gave us a small decline if that. What is being referred to as &#8220;divergence&#8221;. Well&#8230;I got one more potential for market retracement.<\/p>\n<p>This time the SP will have to drop below 1123 in order for me to enter a short swing position. I call it price conformation. Meaning I would like to see price action confirming my technical speculation. FIB levels on the chart will be used to determine potential targets, stops etc.<\/p>\n<figure id=\"attachment_417\" aria-describedby=\"caption-attachment-417\" style=\"width: 480px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-417 \" title=\"Mini SP Future Trading Chart\" src=\"https:\/\/www.cannontrading.com\/daily\/wp-content\/uploads\/SP-500-Day-Trading-2010-09-27.png\" alt=\"Mini SP Future Trading Chart\" width=\"480\" height=\"480\" \/><figcaption id=\"caption-attachment-417\" class=\"wp-caption-text\">Mini SP Future Trading Chart<\/figcaption><\/figure>\n<p><!--more--><\/p>\n<p>GOOD TRADING!<\/p>\n<h3>FUTURES TRADING LEVELS<\/h3>\n<figure id=\"attachment_418\" aria-describedby=\"caption-attachment-418\" style=\"width: 480px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" class=\" wp-image-418 \" title=\"Futures Trading Levels\" src=\"https:\/\/www.cannontrading.com\/daily\/wp-content\/uploads\/futures-trading-levels-20100928.png\" alt=\"Futures Trading Levels\" width=\"480\" height=\"232\" \/><figcaption id=\"caption-attachment-418\" class=\"wp-caption-text\">Futures Trading Levels<\/figcaption><\/figure>\n<p>This Week&#8217;s Calendar from <a href=\"http:\/\/www.econoday.com\/\" target=\"_blank\" rel=\"noopener\">Econoday.Com<\/a><br \/>\n<strong>All reports are EST time<\/strong><\/p>\n<p>Another great source for economic reports around the globe with &#8220;report importance indicator&#8221; at: <a href=\"http:\/\/www.forexfactory.com\/calendar.php\" target=\"_blank\" rel=\"noopener\">http:\/\/www.forexfactory.com\/calendar.php<\/a><\/p>\n<p>Tuesday, September 28th 2010 &#8211; <a href=\"http:\/\/mam.econoday.com\/byweek.asp?cust=mam\" target=\"_blank\" rel=\"noopener\">http:\/\/mam.econoday.com\/byweek.asp?cust=mam<\/a><\/p>\n<ul>\n<li>ICSC-Goldman Store Sales<br \/>\n7:45 AM ET<\/li>\n<li>Redbook<br \/>\n8:55 AM ET<\/li>\n<li>S&amp;P Case-Shiller HPI<br \/>\n9:00 AM ET<\/li>\n<li>Consumer Confidence<br \/>\n10:00 AM ET<\/li>\n<li>State Street Investor Confidence Index<br \/>\n10:00 AM ET<\/li>\n<li>4-Week Bill Auction<br \/>\n11:30 AM ET<\/li>\n<li>5-Yr Note Auction<br \/>\n1:00 PM ET<\/li>\n<\/ul>\n<p><strong>Disclaimer:<br \/>\nTrading commodity futures and options involves substantial risk of loss. The recommendations contained in this letter is of opinion only and does not guarantee any profits. These are risky markets and only risk capital should be used. Past performances are not necessarily indicative of future results. This is not a solicitation of any order to buy or sell, but a current futures market view provided by Cannon Trading Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Daily chart of Mini SP below. As I mentioned last week, I got a couple of potential &#8220;sell signals&#8221; and the market only gave us a small decline if that. What is being referred to as &#8220;divergence&#8221;. Well&#8230;I got one more potential for market retracement. This time the SP will have to drop below 1123 [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67,61,235],"tags":[15,16,240,299,244,245,242,243],"class_list":["post-416","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","category-futures-trading-2","category-index-futures","tag-commodity-trading","tag-futures-trading","tag-futures-trading-levels-economic-reports","tag-price-levels-for-futures-trading","tag-sp-500-resistance-and-support-levels","tag-sp-500-resistance-levels","tag-sp-500-support-and-resistance-levels","tag-sp-support-resistance-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/416","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=416"}],"version-history":[{"count":12,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/416\/revisions"}],"predecessor-version":[{"id":12763,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/416\/revisions\/12763"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}