Hello Folks, the S&P500 futures are currently at 2980.00
The futures have finally broken out of their month long range today!
The day high so far is 2986. They may retest 2973 during the day.
Our standing trade has been to buy at 2900 for target 2930 with stop 2800.
This trade triggered once again earlier this week, and also closed
successfully, giving 30 points gains in that default/standing trade, which we will take as Trade#1 of Sep2019.
The trend is clearly up after the latest breakout today, and our Emini Futures Trading Strategy for Sep 2019 is to stay long above 2950. There is a good chance of hitting 3000 by end September, as a result of the successful breakout. So we will aim to take up another long trade above 2970 for target 3000. The exact trade has been sent out to the Trading Group.
Please Note: Unless otherwise stated, all trades are with 5 Micros, or half Emini contract. This size looks good for capturing the market opportunities with enough gains, while reducing market risk per position into half compared to the Emini futures contract. Thanks.