Emini Futures Trading Update- 15Feb2017

spx500-emini-futures-daily-chart-2350-15feb2017

The Emini S&P500 Futures are at 2350.
Strong upmove continues with no sign of profit taking.
Looks like there are more points on upside before any selling can come.

Traders with 5-10 contracts: If the optional/tactical Sell trade given for you
earlier today hits its stop loss at 2352, then you can do a new long trade
from there as follows, with 1-2 contracts. This is an optional/tactical trade.
“Buy Emini Futures at 2352 for Target 2361 with Stop loss 2342.”

Traders with 1-2 contracts: Please wait for suitable trade set up. We
have 26 points in the bag this month, and we can aim for another good
trade of 10-12 points if we get a reliable set up. Current market rally
looks extended and can easily take points away from us. So we have to be
cautious. Thanks.

Emini Futures Trading Analysis- 08Feb2017

spx500-emini-futures-daily-chart-2290-08feb2017

Summary: Once the S&P500 Emini futures start moving above 2292, it means that the support at 2280 has got tested successfully in the last 2-3 days, and the futures have absorbed the selling pressure that was coming around 2290 level. Therefore a new long trade can be taken above 2292.

Bonus Trade:
Buy Emini Futures at/above 2292 with Target 2305 and Stop loss 2280.
The same trade has also been given as an optional trade to our subscribers. Continue reading

Emini Futures Trading Update- 03Jan2017

Hello Folks, the S&P500 Emini futures are at 2242. The futures lost 20 points from day high of 2059 to make day low of 2039.

Trade#1 of Jan 2017 has hit stop loss at 2248. This is our 3rd stop loss of 6 points in this zone of 2250, including the two stops we had in December month So we will have to wait for 2250 to be crossed or broken decisively. All these stop losses will be recovered in one good trade of 20-25 points.

I am looking at 2260 on the S&P500 index. There is a clear long trade above this level. The index went till 2263 today but failed to hold and a 20 point sell off followed. We will get back into the market in a day or two once direction become clear again. There will be tactical trades along the way. The zone for short trades is from below 2240 as mentioned in previous mail today. The futures have bounced back from 2240 multiple times, so we have to see if this level holds.

Traders with 1-2 contracts: There is no immediate trade. Please wait for the next trade specifically for you.

Traders with 5-10 contracts: Here is another tactical trade for you. You can Buy 1-2 contracts at/above 2242 for Target 2252 with Stop 2238. [Update: This tactical trade of 10 points was successfully completely today itself by end of day]

Please Note: The broad view for this month is to be long above 2250 and short below 2240. We will try to create trades using this view. 2252 is acting a key resistance in futures, and 2238 is acting as support.

Background Notes: Jan has been a tough month for markets last 3 years, with S&P500 losing at least 3 percent in Jan 2014, 2015, 2016. Jan is difficult because large investors will do portfolio adjustments and if previous months were good, there is a tendency to become conservative and go into liquid funds. We traders need to be very cautious in Jan. All the best!

Emini Futures Trading Analysis- 26Dec2016

Hello Folks, hope you had a good Xmas weekend.
The Emini futures are currently at 2260. The volumes have been very low, so we will have to see where the direction is with volume pick up. The long trade is still on. A retest of 2070-2080 level is possible this week. 2248-2250 should be the absolute stop loss on long trades. Below 2240, the S&P500 will face high selling pressure and we can see 2200 within a few sessions. Short positions can be taken between 2245 and 2215. In summary, our S&P500 futures strategy is to remain long above 2050 and go short below 2250.

spx500-emini-futures-daily-chart-2260-26dec2016

Please Note: If Trump fails to deliver on the promises, then this Trump rally will unwind over the next 6-12 months and we will see 2080 again, which is nearly 200 points correction from current level. Experience says hope rallies often get tested again and again, so we are likely to see 2180-2200 again in 2017. Traders should keep taking profits regularly. All the best!

Emini Futures Trading Analysis- 13Dec2016

sp500-futures-daily-chart-analysis-13dec2016

Emini S&P500 futures have hit 2270 today, extending past our previously published technical target of 2260. However, selling pressure can rapidly emerge and increase around 2260 level. The futures were running at par with index prices during the early part of the rise from 2200 to 2250. The futures are now running at a discount to index prices, indicating increasing amount of futures selling.

A correction from current levels is possible, and the futures can go down till 2230 without breaking the uptrend. Traders may look for a Sell trade below 2250 for 10-15 point gain.

Another Emini futures trading strategy at current levels is to stay long above 2250, with 2250 has the Stop and take profits at every 10-15 points gain. If you see 5-10 point gap down one of these days, that could also be used for selling with 10-15 points gain.

Overall, there can be no high conviction short selling as long the futures are above 2200. All short trades above 2200 are tactical, only with the aim to gain 10-15 points from the periodic corrections arising due to profit taking in this big rally spanning Nov-Dec 2016.