CMENT Trading

As we enter the trading day on August 27, 2024, the S&P Micro Futures are showing signs of potential consolidation after an impressive eight-day rally. Let’s dive into what the Bob Kendall Indicators are signaling and how we can use them to guide our trading decisions for tomorrow. Daily Chart Overview Looking at the daily chart, we notice that all four PPMs (Price Pressure Momentum) are beginning to turn down, testing their positive slopes. While this might seem concerning at first glance, it doesn’t necessarily signal an impending downturn. Instead, it suggests that we could see some tests of the corresponding moving averages, offering potential support levels. PPM 1 : Currently in trend mode with a reading of 0.30, which means it’s still offering strong support at the 10-day moving average, currently around 5602. This level is also near S1 weekly at 5603 and S2 at 5603, making it a critical support zone to watch. PPM 2 : Holding above its positive slope, with projections suggest...

As we enter a new trading month, it's time to analyze the S&P Micro Futures using the Bob Kendall indicators. Given that July starts with a short holiday week due to the 4th of July, we can expect lower trading volumes and potential range-bound movements. Let's dive into the monthly and daily charts to outline support and resistance levels for the upcoming trading sessions. Monthly Chart Overview PPMs Analysis : PPM 1 and 2: Both are above their derivatives and remain in trend mode (>0.25), indicating strong long-term support. PPM 3: While still above trend mode, it is starting to pierce its second derivative, which could test its positive slope. Key Support Levels : 10MA: Long-term support at 5124. Weekly Chart Analysis The market grid is starting to flatten out, which suggests potential range-bound trading for the week. Support Levels: 10MA at 5418: This level provides strong weekly support and maintains a 0.62 level on PPM 1. S1 and S2: Strong support at 5501 and 5478...

As we move into Wednesday's trading session, it's essential to analyze the market dynamics using the Bob Kendall indicators. After a sideways trading day on Tuesday where the price didn't even reach its S1 level on the daily chart, we can anticipate potential scenarios for tomorrow. Tuesday's Market Recap Support Held: Price held the 10-day moving average (10MA) at 5518. Range Bound: Price hovered around the R1/R2 levels. Given this context, we can look at potential support and resistance levels for Wednesday's trading. Daily Chart Analysis Support Levels: S1 Level (5527): This level coincides with the 10MA on the daily chart. Expect this to be a decent support level. S2 Level (5518): While price held this level yesterday, it could be tested again. S3 Level (5507): This is a new low from yesterday at 5511 and aligns closely with S1 on the weekly chart at 5508. Low Targets (LT1, LT2, LT3): LT1: 5424: Significant as it is below the 21MA on the daily chart at 545...

As we enter Tuesday's trading session after a down day Monday, the S&P Micro Futures present a nuanced landscape. Utilizing the Bob Kendall indicators on the daily chart provides us with essential insights into potential market movements and key levels to watch. Daily Chart Analysis Support Levels: S1 and S2 Levels (5507/5497): These levels, along with the 10-day moving average (10MA) at 5516, are crucial to watch. PPM1, related to the 10MA, is at 0.15, indicating it's not in trend mode (0.25) but still has a positive slope. This suggests these support levels might hold, though they may not be the strongest. STX Level (5477): If S2 doesn't hold, the next significant support is the STX on the daily chart, which aligns with S2 on the weekly chart at 5479. 21-day Moving Average (5448): This level is also strong short-term support, with PPM1 indicating a 0.15 positive slope. Resistance Levels: R1 and R2 Levels (5526/5536): On the upside, these levels provide immediate r...

Daily Chart Analysis Support Levels: STX Level: The STX level, aligning with the 10-day and 21-day moving averages (MA), is a crucial support zone. This range, from 5339 to 5326, offers a solid base, especially if the market experiences any pullbacks. Resistance Levels: R2 and R3 Levels: These levels remain strong resistance points. Notably, R3 is near R2 on the weekly chart at 5423, making this area a significant resistance zone to watch. Given the scheduled economic data releases and Jerome Powell's speech, we can expect heightened volatility. These events can lead to rapid market movements, potentially testing extreme levels. It's important to remain cautious and be prepared for sudden price swings. Reminder of the Weekly Levels: Weekly Chart Analysis Support Levels: S1 at 5323: This support level coincides with the 10 and 21-day MAs on the daily chart, reinforcing its significance as a support zone throughout the week. S3 at 5251: This level is crucial as it aligns with the...

As we head into a new week, it’s essential to assess where the market grid stands and how it will influence the daily analysis. For tomorrow, 6/10, using the Bob Kendall indicators, here are the key levels and insights to watch out for in the S&P Micro Futures. Weekly Chart Analysis Support Levels: S1 at 5323: This support level coincides with the 10 and 21-day MAs on the daily chart, reinforcing its significance as a support zone throughout the week. S3 at 5251: This level is crucial as it aligns with the 10-day moving average (MA) on the weekly chart, providing a strong support base. Resistance Levels: R1 at 5387: This resistance level is slightly above R1 on the monthly chart at 5378, marking it as a critical resistance point. R3 at 5459: This aligns closely with R2 on the monthly chart at 5471, indicating a major resistance zone if R2 holds. Daily Chart Insights for Tomorrow  Support Levels: S3 at 5323: This level aligns with the 10 and 21-day MAs, providing a robust suppor...