Daily Support & Resistance Levels and Other valuable Info for Futures Traders...

[CannonTrading_Ilan]

Starting yesterday, June 28, 2021, CME Group has removed the trading halt between 3:15 and 3:30 p.m. CT on CME Globex for Equity Index products.


This enhancement will allow market participants to access liquidity continuously throughout the trading day and manage event risk that occurs during the trading session with greater ease.


Subject to regulatory review and effective June 28, 2021, CME and CBOT will eliminate the 3:15 p.m. – 3:30 p.m. Central Time (CT) trading halt on CME Globex which currently exists for certain Equity futures and options contracts.


The halt was initially implemented to account for transactions conducted via open outcry in the trading pits and is therefore no longer necessary.

Levels for the last trading day of June below:

 

[Overnight]

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Levels for the last trading day of June below:

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That is actually very rude to folks like @themickey since they are already trading the last day of June. In fact, when you wake up tomorrow, he'll be in July. So your levels will not help him for last trading day in June, because he will be trading 1st day of July. Kangaroos dude.



Sorry, just having fun.

 

[CannonTrading_Ilan]

Forth of July Trading Schedule available

Levels for July 1st below:

 

[CannonTrading_Ilan]

Non Farm Payroll report tomorrow ahead of the open tomorrow.
Trading levels below and trading schedule for 4th of July here.

 

[CannonTrading_Ilan]

Our latest weekly newsletter with 4th of July trading schedule, weekly trading levels and more available here.
Enjoy the long weekend.

 

[CannonTrading_Ilan]

07.07.21 Wednesday

SCO = STOP CLOSE ONLY
MA= MOVING AVERAGE

GOOD MORNING.

The BOND market continues to signal
DEFLATIONARY PRESSURES which is spooking & confusing the EQUITY market again. Paradoxically, with the Interest rates racing to new lows, the money managers are desperate and struggle to generate yield, which is BULLISH for EQUITIES in the end. It's the only game in town.

LOWER rates have a BULLISH UNDERTONE for TECHNOLOGY, hence the NASDAQ closing higher yesterday as the DOW and S&P'S closed LOWER.

U S&P

4377.00 is the next OBJECTIVE until
a close below 4300.25 occurs.

KEY MA 4253.75
Bullish undertone above

KEY TREND MA 4209.00
CLOSE BELOW DAMAGES the
SECULAR Bull TREND.

4137.50 is MASSIVE MA SUPPORT

CRITICAL MA SUPPORT!!
4082.00
MUST HOLD!!

U S&P Closed 4334.00 -8.75

ALGO SUPPORT:
4308.50
4300.50 Sell SCO
4291.75


U NASDAQ

LOWER BOND YIELDS POWERING
NASDAQ HIGHER!!

MA SUPPORT:
14,268.00
Bullish bias above

KEY MA SUPPORT
13,891.00 ******
Secular Bull Trend
MUST HOLD!!

MASSIVE MA SUPPORT
13,694.50

CRITICAL MA MUST HOLD!!
13,567.00

U NASDAQ
Closed 14,775.50 +61.75

ALGO SUPPORT:
14,561.00
14,520.00 Sell SCO
14,474.50


Q CRUDE Closed $73.37 -1.79

Q CRUDE
ALGO RESISTANCE:
74.55
73.99 Buy SCO
73.51

72.38 Key MA
69.32 CRITICAL MA

 

[CannonTrading_Ilan]

Levels for Thursday July 8th.
Heads up, both natural gas and Crude numbers are tomorrow due to the short trading week.
More at: https://www.cannontrading.com/newsletters-support/support-resistance-levels

 

[CannonTrading_Ilan]

Levels for Friday, July 9th:

 

[CannonTrading_Ilan]

Wishing all of you a great weekend!
Levels for Monday below, weekly newsletter available here:

 

[CannonTrading_Ilan]

Good start for MICRO Crude Oil Futures with over 17,000 contracts traded the first day.
Levels for Tuesday, July 13th below: