CMENT Trading

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...

In today's trading session, the S&P Micro Futures demonstrated strong upside momentum following the 10:00 news, with PPM 3 and the 200-day moving average consistently trending upward. Observing these trends, I've noticed a recurring pattern where buying opportunities arise when price dips to around the 10 or 21-day moving averages—a "buy the dip" moment that often precedes further upside movement. Looking ahead to tomorrow's trading session, I anticipate some backfilling down to the support level at S1, which coincides with R2 on the weekly chart. Further support can be found around S2 and yesterday's high target of 5330. Particularly noteworthy is the strong support aligning with the STX target on the daily chart, which now coincides with the 10 and 21-day moving averages. These levels present potential buying opportunities for traders looking to capitalize on upward momentum. Conversely, resistance levels should be closely monitored, with strong resistan...

  As traders, staying ahead of market movements is essential for making informed decisions and maximizing profitability. With economic data on the horizon, it's crucial to assess potential scenarios and identify key levels of support and resistance for the S&P Micro Futures. Let's delve into the forecast for tomorrow's trading session. Despite the looming economic data, strong support levels are evident on both the daily and weekly charts. The STX on the daily chart, positioned at 5244, and S2 on the weekly chart, at 5248, offer robust support zones. These levels present compelling bottom opportunities, especially if price approaches the S1/S2 range on a daily basis. Traders should monitor these levels closely for potential V bottom opportunities. On the flip side, resistance remains formidable, particularly at R1 on the daily chart. Additionally, new highs at R2 and a high target before it, around 5329, indicate significant hurdles for upward price movement. TLDR: S2/...