{"id":9805,"date":"2015-03-10T12:31:25","date_gmt":"2015-03-10T20:31:25","guid":{"rendered":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/?p=9805"},"modified":"2017-06-16T03:33:35","modified_gmt":"2017-06-16T11:33:35","slug":"using-time-price-tools-pinpoint-sell-mini-nasdaq-futures-3-11-2015","status":"publish","type":"post","link":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/using-time-price-tools-pinpoint-sell-mini-nasdaq-futures-3-11-2015\/","title":{"rendered":"Using Time and Price Tools To Pinpoint A Sell on Mini NASDAQ Futures 3.11.2015"},"content":{"rendered":"

Connect with Us! Use Our Futures Trading Levels and Economic Reports RSS Feed.
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\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 Wednesday March 11, 2015<\/a><\/strong>
\n<\/a><\/p>\n

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

For 2015 I would like to wish all of you discipline and patience in your trading!<\/em><\/p>\n

Voted #1 futures trading blog!<\/a><\/div>\n
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Hello Traders,<\/p>\n

I wrote this piece about possible timing for a sell on mini NASDAQ 100 futures<\/strong><\/a> last week on equities.com.<\/p>\n

I should have shared it earlier than today but it will still give you a look at possible support and future direction on stock index futures. It was actually FUN to see that my initial target of 4329 I wrote about 5 days ago was met almost to the exact today ( mini nasdaq low was 4328.50)<\/div>\n
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Using Time and Price Tools To Pinpoint A Sell on Mini NASDAQ Futures<\/h2>\n

As we near the end of the earning season and the<\/span>\u00a0NASDAQ composite<\/a>\u00a0is hitting that psychological mark of 5000, I thought it would be interesting to look at mini NASDAQ futures.<\/span><\/h2>\n<\/div>\n
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There is a difference between the NASDAQ composite we follow on the news and the\u00a0NASDAQ 100 futures<\/strong>. The NASDAQ 100 futures follow the cash index of 100 NASDAQ stocks. The popular NASDAQ cash index we see often on the news is made up of more than 3000 components. Nonetheless, there is a very high correlation.<\/p>\n

Rather than talk about fundamentals (Does it matter? it seems that we are still riding the fumes of QE’s….) I decided to take a look at the relationship between time and price to see at what level and at what price it may be worth to take a stab at a short position on\u00a0mini NASDAQ 100 futures<\/a>.<\/p>\n

I measured the distance between the lows made on Oct. 20, 2014 and the high made on Nov. 28, 2014, then I applied that distance on what I consider to be a support level on the chart at 4081.50, that projected a resistance at 4481 (yesterday’s high was 4183.50).<\/p>\n

<\/p>\n

I also used some TIME tools to try and speculate on the timing for a potential sell off and I got March 4, 2015 as the next turning point. Obviously this is NOT a crystal ball, and no tools or algos can\u00a0predict the market<\/a>\u00a0that closely, but for me it provided an idea that a short against yesterday’s highs around the next few days may have a good risk to reward ratio. I will look to\u00a0exit the trade<\/a>\u00a0if the market goes above 4485 and will look for an initial target of 4329.<\/p>\n

Daily chart of\u00a0mini NASDAQ 100 futures<\/strong>\u00a0for your review below:<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

– See more at:\u00a0http:\/\/www.equities.com\/editors-desk\/investing-strategies\/trading\/using-time-and-price-tools-to-pinpoint-a-sell-on-mini-nasdaq-futures-1#sthash.aBFSQz5O.dpuf<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n

 <\/p>\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


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

<\/div>\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 March 2015<\/td>\nSP500<\/td>\nNasdaq100<\/td>\nDow Jones<\/td>\nMini Russell<\/td>\nDollar Index<\/td>\n<\/tr>\n
Resistance 3<\/td>\n2103.00<\/td>\n4475.58<\/td>\n18195<\/td>\n1238.63<\/td>\n99.81<\/td>\n<\/tr>\n
Resistance 2<\/td>\n2090.50<\/td>\n4445.67<\/td>\n18085<\/td>\n1230.77<\/td>\n99.23<\/td>\n<\/tr>\n
Resistance 1<\/td>\n2066.25<\/td>\n4388.33<\/td>\n17876<\/td>\n1219.23<\/td>\n98.92<\/td>\n<\/tr>\n
Pivot<\/td>\n2053.75<\/td>\n4358.42<\/td>\n17766<\/td>\n1211.37<\/td>\n98.34<\/td>\n<\/tr>\n
Support 1<\/td>\n2029.50<\/td>\n4301.08<\/td>\n17557<\/td>\n1199.83<\/td>\n98.03<\/td>\n<\/tr>\n
Support 2<\/td>\n2017.00<\/td>\n4271.17<\/td>\n17447<\/td>\n1191.97<\/td>\n97.45<\/td>\n<\/tr>\n
Support 3<\/td>\n1992.75<\/td>\n4213.83<\/td>\n17238<\/td>\n1180.43<\/td>\n97.14<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nApr. Gold<\/td>\nMay Silver<\/td>\nApril Crude Oil<\/td>\nJune Bonds<\/td>\nMarch \u00a0 Euro<\/td>\n<\/tr>\n
Resistance 3<\/td>\n1184.9<\/td>\n16.04<\/td>\n52.13<\/td>\n160 8\/32<\/td>\n1.0968<\/td>\n<\/tr>\n
Resistance 2<\/td>\n1177.3<\/td>\n15.93<\/td>\n51.25<\/td>\n159 17\/32<\/td>\n1.0912<\/td>\n<\/tr>\n
Resistance 1<\/td>\n1169.1<\/td>\n15.80<\/td>\n49.97<\/td>\n159 2\/32<\/td>\n1.0805<\/td>\n<\/tr>\n
Pivot<\/td>\n1161.5<\/td>\n15.69<\/td>\n49.09<\/td>\n158 11\/32<\/td>\n1.0749<\/td>\n<\/tr>\n
Support 1<\/td>\n1153.3<\/td>\n15.55<\/td>\n47.81<\/td>\n157 28\/32<\/td>\n1.0642<\/td>\n<\/tr>\n
Support 2<\/td>\n1145.7<\/td>\n15.44<\/td>\n46.93<\/td>\n157 5\/32<\/td>\n1.0586<\/td>\n<\/tr>\n
Support 3<\/td>\n1137.5<\/td>\n15.31<\/td>\n45.65<\/td>\n156 22\/32<\/td>\n1.0479<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Contract<\/td>\nMay Corn<\/td>\nMay Wheat<\/td>\nMay Beans<\/td>\nMay SoyMeal<\/td>\nApril Nat Gas<\/td>\n<\/tr>\n
Resistance 3<\/td>\n396.3<\/td>\n494.5<\/td>\n996.00<\/td>\n339.73<\/td>\n2.81<\/td>\n<\/tr>\n
Resistance 2<\/td>\n393.2<\/td>\n494.3<\/td>\n993.50<\/td>\n337.67<\/td>\n2.78<\/td>\n<\/tr>\n
Resistance 1<\/td>\n390.6<\/td>\n493.8<\/td>\n989.00<\/td>\n334.33<\/td>\n2.75<\/td>\n<\/tr>\n
Pivot<\/td>\n387.4<\/td>\n493.5<\/td>\n986.50<\/td>\n332.27<\/td>\n2.72<\/td>\n<\/tr>\n
Support 1<\/td>\n384.8<\/td>\n493.0<\/td>\n982.0<\/td>\n328.9<\/td>\n2.7<\/td>\n<\/tr>\n
Support 2<\/td>\n381.7<\/td>\n492.8<\/td>\n979.50<\/td>\n326.87<\/td>\n2.66<\/td>\n<\/tr>\n
Support 3<\/td>\n379.1<\/td>\n492.3<\/td>\n975.00<\/td>\n323.53<\/td>\n2.64<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n
<\/div>\n
<\/div>\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
Date<\/th>\n4:16pm<\/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
WedMar 11<\/td>\n<\/a>\u00a02:30am<\/td>\nEUR<\/td>\n<\/td>\nFrench Final Non-Farm Payrolls q\/q<\/td>\n<\/td>\n<\/td>\n0.0%<\/td>\n0.0%<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:00am<\/td>\nEUR<\/td>\n<\/td>\nECB President Draghi Speaks<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n10:30am<\/td>\nUSD<\/td>\n<\/td>\nCrude Oil Inventories<\/td>\n<\/td>\n<\/td>\n4.5M<\/td>\n10.3M<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n1:01pm<\/td>\nUSD<\/td>\n<\/td>\n10-y Bond Auction<\/td>\n<\/td>\n<\/td>\n<\/td>\n2.00|2.6<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n2:00pm<\/td>\nUSD<\/td>\n<\/td>\nFederal Budget Balance<\/td>\n<\/td>\n<\/td>\n-187.3B<\/td>\n-17.5B<\/td>\n<\/td>\n<\/tr>\n
<\/td>\n4:30pm<\/td>\nUSD<\/td>\n<\/td>\nBank Stress Test Results<\/td>\n<\/td>\n<\/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 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

 <\/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 Wednesday […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[76,230,67,61],"tags":[809,92,99],"class_list":["post-9805","post","type-post","status-publish","format-standard","hentry","category-commodity-trading-2","category-day-trading-2","category-future-trading-news","category-futures-trading-2","tag-e-mini-nasdaq-100-futures","tag-mini-nasdaq-futures","tag-online-futures-trading"],"_links":{"self":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9805","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=9805"}],"version-history":[{"count":8,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9805\/revisions"}],"predecessor-version":[{"id":12612,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/posts\/9805\/revisions\/12612"}],"wp:attachment":[{"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/media?parent=9805"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/categories?post=9805"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cannontrading.com\/tools\/support-resistance-levels\/wp-json\/wp\/v2\/tags?post=9805"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}