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

Just in case......

CME Group U.S. equity index price limits (and corresponding CME and CBOT rules) are designed to coordinate with circuit breakers provisions as applied by the New York Stock Exchange (NYSE).
  • 7%, 13%, and 20% price limits are applied to the futures fixing price and are effective from 8:30 a.m. CT – 2:25 p.m. CT. Mondays through Fridays. From 2:25 p.m. to 3:00 p.m. CT, only the 20% price limit will be applied to the futures price fixing.
  • 7% up-and-down limits are effective 5:00 p.m. - 8:30 a.m. CT. Sundays through Fridays; and 3:00 p.m. - 4:00 p.m. CT, Mondays through Fridays. Between 3:00 p.m. - 4:00 p.m. the 7% price limit will not be allowed to breech the 20% daily limit.
  • The fixing price is the volume weighted average price, VWAP, calculated during the 30 seconds of trading from 2:59:30 p.m. – 3:00:00 p.m. CT. View Equity Index Fixing Prices page
Levels for tomorrow:

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FOMC meeting/ statement tomorrow.
Here are some of my notes from previous FOMC days:

The following are my PERSONAL suggestions on trading during FOMC days:


·Reduce trading size

·Be extra picky = no trade is better than a bad trade

·Choose entry points wisely. Look at longer time frame support and resistance for entry. Take the approach of entering at points where you normally would have placed protective stops. Example, trader x looking to go long the mini SP at 4325.00 with a stop at 4319.00, instead "stretch the price bands" due to volatility and place an entry order to buy at 4319.75 and place a stop a few points below in this hypothetical example ( consider current volatility along with support and resistance levels).

·Expect the higher volatility during and right after the announcement

·Expect to see some "vacuum" ( low volume, big zigzags) right before the number.

·Consider using automated stops and limits attached to your entry order as the market can move very fast at times.


·Keep in mind statement comes out at 1 Pm Central time, the news conference which dissects the language comes out 30 minutes later so the volatility window stretches out.


·Know what the market was expecting, learn what came out and observe market reaction for clues

·Be patient and be disciplined

·If in doubt, stay out!!


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Some wild price action on FOMC day. Many times the real market direction will reveal itself the following day.....
Levels for Thursday Sept. 23rd below:
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Levels for Sept 28th below:
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Trading Levels for tomorrow, Wednesday, Sept. 29th:
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Wild trading day today to end the quarter....tomorrow is a new month and a new quarter - should be interesting.
Levels for Friday, October 1st below:
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Key CME change - NAT GAS, ANOTHER sharp increase of 10%:

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