Emini Futures Trading Analysis- 05Feb2020



Hello Folks, the S&P500 futures are at 3325.00
Today’s Range (so far): 3288.25 – 3331.00
The futures made a high of 3331 today morning, and our target 3325 was hit.
Trade#1 of Feb 2020 (completed successfully with 25 points gain)
Buy at 3300 for Target 3325 with Stop loss 3280
In fact, 3330 was the upper target for this upmove, which was also hit. Now, this 3325-3340 is an area of significant resistance, so we have to be careful here. Above 3340, we can take new long trades again, because it will be a fresh breakout. Above 3300, the futures are safe. There is no new trade as of now. I will mail you again with some notes. Thanks.

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