30 June 2016, 4.45pm, New York: Trade Update: All traders who managed to ride the volatility over last one week have gained 50-80 points in the market rebound from the knee-jerk Brexit fall. That was the key message of this Bonus Trade, to use the sudden correction to go long in the Emini Futures. Our stop loss was hit, but we got back into the long trade again above 2020, and have closed the long trade at our pre-defined target of 2083. After factoring stop loss, this “Buy the Brexit” trade has give about 35-40 points gain over last 1 week, which is very good.
2.40 pm, New York: Trade Update: The Emini Futures are currently at 2032. Gradual correction from day’s high of 2064.75 indicates readiness to go higher in a burst at the right opportunity either today or next week. Here is another Bonus Trade: Buy Emini Futures at 2032 for Target 2053 with Stop at 2020. That’s 12 points at risk for 21 points of gain. 2053 should come again with high probability today or on Monday.
11.40 am, New York: Trade Update: The Emini Futures are currently at 2048. Traders can buy this dip for upside targets of 2056 and 2065 either today or by Monday/Tuesday next week. Keep 2030 as the Stop for all long trades now.
10.00 am, New York: Trade Update: The Emini Futures are currently at 2056. The first target of 2053 has been hit with high speed. That gives 25 points profit, which is $1500 even with one contract, and we have traders using 4-5 contracts. We had sent a mail out to our subscribers to buy the Emini Futures at 2020, with the same target of 2053, giving a gain on 33 points in 2 hours. It looks like our next target of 2065 will also come today itself, based on the sharp recovery seen in the UK FTSE 100 index.
08:00 am, New York: Hello Folks, the S&P500 Emini Futures are currently at 2028.
Here is a Bonus Trade for all our website visitors.
Traders can buy S&P500 Emini Futures at 2028 (or market price) for Target 2053 and Stop Loss 2010. The upside target of 2053 can come today itself by end of trading day or latest by Monday. The next target would be 2065, which can come by next week end. Therefore, traders with multiple contracts can book half profit at 2053 and the rest at 2065 next week. All the best!
The S&P500 Emini Futures are blind-buy after the large overnight fall. Remember our monthly cut-off line of 2053 – that has to be tested once even before any real fall. S&P500 is the most reliable index of the world and it will show everybody the same by recovering from the sharp fall. Imagine the futures have moved from a high of 2120 yesterday to a low of 2000 today – enough to shake every position and trigger all stop losses, except those kept around 1990-1995. S&P500 is likely to reward every buyer today. Thanks.