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

Tonight's debate may trigger some short term volatility - hard to tell.


Research into the medium term affect, shows not much to be expected.


That being said, we may see some wider moves tonight and then tomorrow we have PCE which will impact indices, metals, rates as well as big USDA report which will affect the entire grain complex.


To add a bit more fuel to the fire.....tomorrow is the last trading day for June. Last trading days of the month usually see higher volume and at times volatility.


When in doubt - stay out!

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Hot market of the week is provided by QT Market Center, A Swiss army knife charting package that's not just for Hedgers, Cooperatives and Farmers alike but also for Spread traders, Swing traders and shorter time frame application for intraday traders with a unique proprietary indicator that can be applied to your specific trading needs.



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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.
 
Cannon Futures Weekly Letter Issue # 1200

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Hello Ilan,

In this issue:
Daily levels for Monday:
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Early close on stock index futures tomorrow at 12:15 Central!
Rest of the markets normal hours.
Full 4th of July schedule HERE

Levels for tomorrow July 3rd as well as major reports below:

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Summer trading post 4th of July holiday started out the week with lower than usual volume across many markets.

However, we do have Heavy Fed Speak and Data :

We have Treasury Secretary Yellen and Fed Chair Powell providing testimony to congress’s Semiannual Monetary Policy report, Tuesday its the U.S. Senate Committee on Banking, Housing and urban affairs. Wednesday it’s Before the U.S. House Financial Services Committee. In addition to 4 other Fed Speakers, Barr, Bowman, Goolsbee and Cook.

On the data front, impressive releases: Used Car Data, Consumer Inflation Expectations, Consumer Credit, NFIB Business Optimism Index, Jobless Claims, CPI, PPI, Michigan Consumer Sentiment

And Finally, WASDE release on Friday @11 a.m. Central

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Levels for Friday July 12th.

PPI and Univ. of Michigan tomorrow morning

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Weekly newsletter issue #1201
  • Important Notices - Earnings, FED Speakers, Upcoming Reports
  • Futures 101 - Trading Psychology Self help Course
  • Hot Market of the Week - August Crude Oil
  • Broker's Trading System of the Week - Mini Nasdaq Swing Trading System
  • Trading Levels for Next Week
  • Trading Reports for Next Week
 
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