CannonTrading_Ilan
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Levels for 2.18.21
Daily Support & Resistance Levels and Other valuable Info for Futures Traders...
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CannonTrading_Ilan
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CannonTrading_Ilan
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Levels for Feb. 23rd:
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Trading Levels for 2-24-21
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Above levels for 2-25-21
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Small excerpt from our daily blog:
Time to trade June bonds, May silver and May copper as well as May grains.
Stock futures and currencies don't roll over until mid March and we will send a separate notice.
Tomorrow is the last trading day of the month ( yup...February is a very short trading month....). First and last trading days of the month, can at times experience even higher volatility as large traders/funds/ CTAs may close positions/ book profits & losses to start a fresh month.
Also some markets will have end of month options expirations.
The recent volatility reminds me of last March, when COVID started.
I have a few pointers to share:
1. Take a look at the below chart from today on the mini NASDAQ this volatility will play both sides and in MY OPINION this is not a market to just buy and hold or sell and hold using futures….You need to be able to react and adjust positions according to market action and sentiment.
2. DON’T try to predict tops and bottoms….OR if this is part of your strategy, make sure you use stops.
3. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets” or experience "revenge trading".
5. Focus more on risk management and ways to protect certain positions as needed.
6. Survive to trade another day.
7
LIMITS guidelines visit: https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html
Levels for the last trading day of the month below:
Time to trade June bonds, May silver and May copper as well as May grains.
Stock futures and currencies don't roll over until mid March and we will send a separate notice.
Tomorrow is the last trading day of the month ( yup...February is a very short trading month....). First and last trading days of the month, can at times experience even higher volatility as large traders/funds/ CTAs may close positions/ book profits & losses to start a fresh month.
Also some markets will have end of month options expirations.
The recent volatility reminds me of last March, when COVID started.
I have a few pointers to share:
1. Take a look at the below chart from today on the mini NASDAQ this volatility will play both sides and in MY OPINION this is not a market to just buy and hold or sell and hold using futures….You need to be able to react and adjust positions according to market action and sentiment.
2. DON’T try to predict tops and bottoms….OR if this is part of your strategy, make sure you use stops.
3. Learn to reduce trading size. Perhaps trade smaller contracts like the micros.
4. Understand that loses are part of trading and this is definitely not a good time to “fight the markets” or experience "revenge trading".
5. Focus more on risk management and ways to protect certain positions as needed.
6. Survive to trade another day.
7
LIMITS guidelines visit: https://www.cmegroup.com/trading/equity-index/faq-sp-500-price-limits.html
Levels for the last trading day of the month below:
CannonTrading_Ilan
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Wishing everyone a nice weekend and a great trading month in March!
Weekly levels below, weekly newsletter on our site www.cannontrading.com
Weekly levels below, weekly newsletter on our site www.cannontrading.com
CannonTrading_Ilan
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Levels for March 2nd 2021:
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Levels for 03.03.2021
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Volatility continues. Rates are the driving force now days.
June is now the front month for rates.
May is front month for silver, copper and most grains.
April crude and natural gas. OPEC meeting tomorrow!
Get Real Time updates and more on our private FB group!
https://business.facebook.com/groups/1105191589938254/
June is now the front month for rates.
May is front month for silver, copper and most grains.
April crude and natural gas. OPEC meeting tomorrow!
Get Real Time updates and more on our private FB group!
https://business.facebook.com/groups/1105191589938254/