Bonus Trade– Emini Futures Trading– 13Oct2016

New York, 3.45 pm EDT
Hello Folks, the S&P500 Emini futures are at 2127.50
The previous trade hit stop loss, and futures have bounced back.
Here is our next trade.

Trade#4 of Oct 2016
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Buy Emini Futures at 2128 for target 2156 with Stop 2115
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Trade Rationale: We are taking 13 points risk, for 28 points reward. And the set up is as good as it can get. Today, the bottom formation looks emphatic.

sp500-emini-futures-daily-chart-13oct2016

Please Note: Once the S&P500 Emini futures move above 2140, then the Stop Loss can be increased to 2128 (buying price), and target can remain 2156. Above 2153, the targets of 2175-2180 will restart. So the same trade can be continued, or a new trade can be taken.

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