{"id":6991,"date":"2014-05-12T12:23:41","date_gmt":"2014-05-12T20:23:41","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=6991"},"modified":"2017-10-16T03:31:47","modified_gmt":"2017-10-16T11:31:47","slug":"rally-cash-markets-dow-jones-futures-daily-chart-5-13-2014","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/rally-cash-markets-dow-jones-futures-daily-chart-5-13-2014\/","title":{"rendered":"Rally in the Cash Markets and Dow Jones Futures Daily Chart 5.13.2014"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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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 Tuesday May 13, 2014<\/a><\/strong>
\n<\/a>
\nHello Traders,<\/strong><\/p>\n

For 2014 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

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Voted #1 futures trading blog!\u00a0<\/a><\/div>\n<\/div>\n
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Must say this rally caught me off guard….<\/p>\n

I am letting my rational mind do the thinking instead of my trading mind…..<\/p>\n

My rational mind is asking “Why the heck are we trading where are, making all time highs?”<\/p>\n

My trading mind is saying “Market found support and is resuming the path of least resistance….which is up”<\/p>\n

For some reason when it comes to stock index futures I keep making the mistake of allowing my rational mind get in there.<\/p>\n

I don’t do it with other markets…If crude is making a big move I use my “trading mind”, same with Natural Gas, gold etc. for some reason with stock index futures I tend to fight\u00a0 and argue with the market and the market always wins….<\/p>\n

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Daily chart of the Dow Jones Cash index below for your review:<\/p>\n

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

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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

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

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\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 June 2014<\/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>\n1918.58<\/td>\n3691.42<\/td>\n16830<\/td>\n1172.37<\/td>\n80.13<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1905.92<\/td>\n3650.83<\/td>\n16745<\/td>\n1153.73<\/td>\n80.05<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1899.33<\/td>\n3629.42<\/td>\n16701<\/td>\n1141.47<\/td>\n80.00<\/td>\n<\/tr>\n
Pivot<\/td>\n1886.67<\/td>\n3588.83<\/td>\n16616<\/td>\n1122.83<\/td>\n79.92<\/td>\n<\/tr>\n
Support 1<\/td>\n1880.08<\/td>\n3567.42<\/td>\n16572<\/td>\n1110.57<\/td>\n79.87<\/td>\n<\/tr>\n
Support 2<\/td>\n1867.42<\/td>\n3526.83<\/td>\n16487<\/td>\n1091.93<\/td>\n79.79<\/td>\n<\/tr>\n
Support 3<\/td>\n1860.83<\/td>\n3505.42<\/td>\n16443<\/td>\n1079.67<\/td>\n79.74<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJune Gold<\/a><\/td>\nJuly Silver<\/a><\/td>\nJune Crude Oil<\/a><\/td>\nJune Bonds\u00a0<\/a><\/td>\nJune Euro<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n1334.7<\/td>\n2042.0<\/td>\n102.07<\/td>\n136 11\/32<\/td>\n1.3797<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1319.6<\/td>\n2004.5<\/td>\n101.50<\/td>\n136\u00a0\u00a02\/32<\/td>\n1.3785<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1307.9<\/td>\n1979.5<\/td>\n101.07<\/td>\n135 23\/32<\/td>\n1.3771<\/td>\n<\/tr>\n
Pivot<\/td>\n1292.8<\/td>\n1942.0<\/td>\n100.50<\/td>\n135 14\/32<\/td>\n1.3759<\/td>\n<\/tr>\n
Support 1<\/td>\n1281.1<\/td>\n1917.0<\/td>\n100.07<\/td>\n135\u00a0\u00a03\/32<\/td>\n1.3745<\/td>\n<\/tr>\n
Support 2<\/td>\n1266.0<\/td>\n1879.5<\/td>\n99.50<\/td>\n134 26\/32<\/td>\n1.3733<\/td>\n<\/tr>\n
Support 3<\/td>\n1254.3<\/td>\n1854.5<\/td>\n99.07<\/td>\n134 15\/32<\/td>\n1.3719<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nJuly Corn<\/a><\/td>\nJuly Wheat<\/a><\/td>\nJuly Beans<\/a><\/td>\nJuly SoyMeal<\/a><\/td>\nJuly bean Oil<\/a><\/td>\n<\/tr>\n
Resistance 3<\/td>\n508.9<\/td>\n725.5<\/td>\n1491.17<\/td>\n499.20<\/td>\n42.19<\/td>\n<\/tr>\n
Resistance 2<\/td>\n506.8<\/td>\n720.5<\/td>\n1485.08<\/td>\n494.60<\/td>\n41.92<\/td>\n<\/tr>\n
Resistance 1<\/td>\n503.2<\/td>\n717.8<\/td>\n1475.17<\/td>\n486.40<\/td>\n41.45<\/td>\n<\/tr>\n
Pivot<\/td>\n501.1<\/td>\n712.8<\/td>\n1469.08<\/td>\n481.80<\/td>\n41.18<\/td>\n<\/tr>\n
Support 1<\/td>\n497.4<\/td>\n710.0<\/td>\n1459.2<\/td>\n473.6<\/td>\n40.7<\/td>\n<\/tr>\n
Support 2<\/td>\n495.3<\/td>\n705.0<\/td>\n1453.08<\/td>\n469.00<\/td>\n40.44<\/td>\n<\/tr>\n
Support 3<\/td>\n491.7<\/td>\n702.3<\/td>\n1443.17<\/td>\n460.80<\/td>\n39.97<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
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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\n\n\n\n\n\n\n\n\n\n\n\n\n
Date<\/th>\n4:02pm<\/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
TueMay 13<\/td>\n<\/a>\u00a02:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman WPI m\/m<\/td>\n<\/td>\n<\/td>\n0.1%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n5:00am<\/td>\nEUR<\/td>\n<\/td>\nGerman ZEW Economic Sentiment<\/td>\n<\/td>\n<\/td>\n41.3<\/td>\n43.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nEUR<\/td>\n<\/td>\nZEW Economic Sentiment<\/td>\n<\/td>\n<\/td>\n63.5<\/td>\n61.2<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n7:30am<\/td>\nUSD<\/td>\n<\/td>\nNFIB Small Business Index<\/td>\n<\/td>\n<\/td>\n94.6<\/td>\n93.4<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n8:30am<\/td>\nUSD<\/td>\n<\/td>\nCore Retail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.6%<\/td>\n0.7%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nRetail Sales m\/m<\/td>\n<\/td>\n<\/td>\n0.5%<\/td>\n1.2%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n<\/td>\nUSD<\/td>\n<\/td>\nImport Prices m\/m<\/td>\n<\/td>\n<\/td>\n0.4%<\/td>\n0.6%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:00am<\/td>\nUSD<\/td>\n<\/td>\nBusiness Inventories m\/m<\/td>\n<\/td>\n<\/td>\n0.4%<\/td>\n0.4%<\/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 here in 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 Tuesday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[67],"tags":[133,63,268,144],"class_list":["post-6991","post","type-post","status-publish","format-standard","hentry","category-future-trading-news","tag-future-brokers","tag-future-trading","tag-futures-trading-company","tag-futures-trading-levels"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6991","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=6991"}],"version-history":[{"count":9,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6991\/revisions"}],"predecessor-version":[{"id":12557,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/6991\/revisions\/12557"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=6991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=6991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=6991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}