{"id":6123,"date":"2013-10-30T12:20:01","date_gmt":"2013-10-30T20:20:01","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=6123"},"modified":"2014-09-16T02:53:54","modified_gmt":"2014-09-16T10:53:54","slug":"mini-dow-futures-outlook-riskreward-trading-levels-reports-for-10-31-2013","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/mini-dow-futures-outlook-riskreward-trading-levels-reports-for-10-31-2013\/","title":{"rendered":"Mini Dow Futures Outlook & Risk\/Reward – Trading Levels & Reports for 10.31.2013"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
\n<\/strong>
\n\"Like<\/a>\"Follow<\/a>\"View<\/a>\"Find<\/a>\"Cannon<\/a>\"Find<\/a><\/p>\n

1.\u00a0Market Commentary<\/a><\/strong>
\n2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index<\/a><\/strong>
\n3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds<\/a><\/strong>
\n4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver<\/a><\/strong>
\n5.\u00a0Futures Economic Reports for Thursday October 31, 2013<\/a><\/strong>
\n<\/a>
\nHello Traders,<\/strong><\/p>\n

For 2013 I would like to wish all of you discipline and patience in your trading!\u00a0<\/em><\/p>\n

\n
\n

So FOMC came and gone and like I said many times before, many times the real reaction comes the next day.
\nWhich way, I am not sure but I am sharing a daily chart of the mini Dow futures<\/a> where I see either potential for double top if we hold below today’s high OR potential for a break above and move towards the next FIBONACCI extension as seen on the chart.<\/p>\n

As always in our business….time will tell, which brings me to a different point I would like to share:<\/p>\n

My thoughts are as follow, there is probably 65% chance this market will try to make a new high and break today’s high ( in my opinion), however, I think that is we make a new high it will not be that much further than were we at now. While I think there is better chances for a move up, I think that if we do make a move down, there are HIGHER probabilities for a larger move downside than a larger move to the upside….hope this make sense. Based on this personal view of mine, I will look for a short set up with relatively small stop in hopes to catch the next big wave down. it may take a few attempts on my end but I like the risk \/ reward of this set up and hope that by sharing the thought process I gave you an idea on another approach for trading.<\/p>\n

 <\/p>\n

\"YM
YM – E-Mini Dow Futures – $5 Multiplier<\/figcaption><\/figure>\n

<\/p>\n<\/div>\n

If you like the information we share?\u00a0We would appreciate your positive reviews on our new yelp!!<\/a><\/p>\n<\/div>\n

\n

GOOD TRADING<\/strong><\/p>\n<\/div>\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.<\/p>\n

If you like Our Futures Trading Daily Support and Resistance Levels, Please share! <\/strong><\/p>\n

<\/div>\n

Futures Trading Levels<\/a><\/strong><\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Contract Dec. 2013<\/td>\n\u00a0SP500 (big & Mini)<\/a><\/td>\nNasdaq100 (big & Mini)<\/a><\/td>\nDow Jones (big & Mini)<\/a><\/td>\nMini Russell<\/a><\/td>\nDollar Index<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1791.92<\/td>\n3435.25<\/td>\n15823<\/td>\n1140.53<\/td>\n80.52<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1782.58<\/td>\n3418.50<\/td>\n15750<\/td>\n1131.77<\/td>\n80.25<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1770.42<\/td>\n3397.75<\/td>\n15655<\/td>\n1117.83<\/td>\n80.03<\/td>\n<\/tr>\n
Pivot<\/td>\n1761.08<\/td>\n3381.00<\/td>\n15582<\/td>\n1109.07<\/td>\n79.76<\/td>\n<\/tr>\n
Support 1<\/td>\n1748.92<\/td>\n3360.25<\/td>\n15487<\/td>\n1095.13<\/td>\n79.54<\/td>\n<\/tr>\n
Support 2<\/td>\n1739.58<\/td>\n3343.50<\/td>\n15414<\/td>\n1086.37<\/td>\n79.27<\/td>\n<\/tr>\n
Support 3<\/td>\n1727.42<\/td>\n3322.75<\/td>\n15319<\/td>\n1072.43<\/td>\n79.05<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec. Gold<\/a><\/td>\nDec. Silver<\/a><\/td>\nDec. Crude Oil<\/a><\/td>\nDec. Bonds\u00a0<\/a><\/td>\nDec. Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1382.0<\/td>\n2376.8<\/td>\n98.75<\/td>\n136 20\/32<\/td>\n1.3870<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1370.8<\/td>\n2343.2<\/td>\n98.28<\/td>\n136\u00a0\u00a06\/32<\/td>\n1.3829<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1356.9<\/td>\n2306.3<\/td>\n97.52<\/td>\n135 16\/32<\/td>\n1.3780<\/td>\n<\/tr>\n
Pivot<\/td>\n1345.7<\/td>\n2272.7<\/td>\n97.05<\/td>\n135\u00a0\u00a02\/32<\/td>\n1.3739<\/td>\n<\/tr>\n
Support 1<\/td>\n1331.8<\/td>\n2235.8<\/td>\n96.29<\/td>\n134 12\/32<\/td>\n1.3690<\/td>\n<\/tr>\n
Support 2<\/td>\n1320.6<\/td>\n2202.2<\/td>\n95.82<\/td>\n133 30\/32<\/td>\n1.3649<\/td>\n<\/tr>\n
Support 3<\/td>\n1306.7<\/td>\n2165.3<\/td>\n95.06<\/td>\n133\u00a0\u00a08\/32<\/td>\n1.3600<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nDec Corn<\/a><\/td>\nDec. Wheat<\/a><\/td>\nJan .Beans<\/a><\/td>\nDec. SoyMeal<\/a><\/td>\nDec. bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n438.3<\/td>\n681.9<\/td>\n1285.33<\/td>\n418.70<\/td>\n42.31<\/td>\n<\/tr>\n
Resistance 2<\/td>\n436.4<\/td>\n680.3<\/td>\n1282.17<\/td>\n416.60<\/td>\n42.11<\/td>\n<\/tr>\n
Resistance 1<\/td>\n433.3<\/td>\n677.7<\/td>\n1279.33<\/td>\n414.20<\/td>\n41.86<\/td>\n<\/tr>\n
Pivot<\/td>\n431.4<\/td>\n676.1<\/td>\n1276.17<\/td>\n412.10<\/td>\n41.66<\/td>\n<\/tr>\n
Support 1<\/td>\n428.3<\/td>\n673.4<\/td>\n1273.3<\/td>\n409.7<\/td>\n41.4<\/td>\n<\/tr>\n
Support 2<\/td>\n426.4<\/td>\n671.8<\/td>\n1270.17<\/td>\n407.60<\/td>\n41.21<\/td>\n<\/tr>\n
Support 3<\/td>\n423.3<\/td>\n669.2<\/td>\n1267.33<\/td>\n405.20<\/td>\n40.96<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
For complete contract specifications for the futures markets listed above\u00a0click here!<\/a><\/div>\n
<\/div>\n
<\/div>\n

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

5. Economic Reports<\/strong><\/div>\n

source:http:\/\/www.forexfactory.com\/calendar.php<\/a><\/h3>\n

All times are Eastern time Zone (EST<\/a>)<\/h3>\n

 <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:19pm<\/a><\/th>\nCurrency<\/th>\nImpact<\/th>\n<\/th>\nDetail<\/th>\nActual<\/th>\nForecast<\/th>\nPrevious<\/th>\nGraph<\/th>\n<\/tr>\n<\/thead>\n
<\/td>\n<\/tr>\n
ThuOct 31<\/td>\n<\/a>\u00a03:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.5%<\/td>\n-0.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGfK German Consumer Climate<\/td>\n<\/td>\n<\/td>\n7.3<\/td>\n7.1<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nGerman Import Prices m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n0.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n3:45am<\/td>\nEUR<\/td>\n<\/td>\nFrench Consumer Spending m\/m<\/td>\n<\/td>\n<\/td>\n0.2%<\/td>\n-0.4%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nItalian Monthly Unemployment Rate<\/td>\n<\/td>\n<\/td>\n12.4%<\/td>\n12.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n6:00am<\/td>\nEUR<\/td>\n<\/td>\nCPI Flash Estimate y\/y<\/td>\n<\/td>\n<\/td>\n1.1%<\/td>\n1.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nUnemployment Rate<\/td>\n<\/td>\n<\/td>\n12.0%<\/td>\n12.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nItalian Prelim CPI m\/m<\/td>\n<\/td>\n<\/td>\n0.4%<\/td>\n-0.3%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:30am<\/td>\nUSD<\/td>\n<\/td>\nChallenger Job Cuts y\/y<\/td>\n<\/td>\n<\/td>\n<\/td>\n19.1%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nUnemployment Claims<\/td>\n<\/td>\n<\/td>\n341K<\/td>\n350K<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:00am<\/td>\nUSD<\/td>\n<\/td>\nTreasury Sec Lew Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n9:45am<\/td>\nUSD<\/td>\n<\/td>\nChicago PMI<\/td>\n<\/td>\n<\/td>\n55.1<\/td>\n55.7<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nNatural Gas Storage<\/td>\n<\/td>\n<\/td>\n35B<\/td>\n87B<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc<\/a>. 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<\/p>\n","protected":false},"excerpt":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed. 1.\u00a0Market Commentary 2.\u00a0Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index 3.\u00a0Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds 4.\u00a0Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver 5.\u00a0Futures Economic Reports for Thursday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,67,61],"tags":[84,124,125],"class_list":["post-6123","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-future-trading-news","category-futures-trading-2","tag-commodity-futures-trading","tag-e-mini-dow-jones","tag-online-future-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6123","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=6123"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6123\/revisions"}],"predecessor-version":[{"id":6127,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6123\/revisions\/6127"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=6123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=6123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=6123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}