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

Trading levels for Jan. 26th.
GDP early in the AM

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The first day of February should be quite eventful as we have more than a few reports that can impact the market as well as the FOMC with anticipated 25 basis points hike.

Trading levels for tomorrow below, more insight on our daily blog.

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Many times, the large move in stock indices will happen the day post the FOMC....

levels for Feb. 2nd below as well as one possible outlook on the ES provided by QT Markets Platform.

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The PriceCount study is a tool that can help to project the distance of a move in price. The counts are not intended to be an ‘exact’ science but rather offer a target area for the four objectives which are based off the first leg of a move with each subsequent count having a smaller percentage of being achieved. It is normal for the chart to react by correcting or consolidating at an objective and then either resuming its move or reversing trend. Best utilized in conjunction with other technical tools, PriceCounts offer one more way to analyze charts and help to manage your positions and risk. Learn more at www.qtchartoftheday.com



Trading in futures, options, securities, derivatives or OTC products entails significant risks which must be understood prior to trading and may not be appropriate for all investors. Past performance of actual trades or strategies is not necessarily indicative of future results.
 
NFP and ISM tomorrow.

I think the following piece about volatility logic by the CME ( presented by CQG) is worth reading ahead of tomorrows NFP ( non farm payrolls)

Trading levels for Feb. 3rd 2023 below:

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Daily levels for Feb. 6th below.

Weekly newsletter with Live Cattle outlook, CME fee increase notice and more on our weekly newsletter issue #1132

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On an otherwise quiet week for economic releases and the FRB Federal Reserve Bank's quiet period or Blackout period over, The Fed members are again, free to entertain speaking engagements. If you remember last week, Chairman Powell and the FOMC (Federal Open Market Committee) announced the expected .25 rate hike.



On Tuesday, February 7th @ 12:40p.m. EST, Fed Chair Jerome Powell is slated to appear at the Economic Club of Washington D.C., and may give investors and retail traders a preview of his semi-annual report to Congress later this month.

Levels for tomorrow, Feb. 7th below:


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To continue the trend after Powell speaking today...we have 5 more members speaking at different times tomorrow in addition to a WASDE report. More on our BLOG

Levels for tomorrow:

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