Hello Folks, the S&P500 Emini futures are currently at 3008, as of closing on Friday. The main event for the coming week is the US Fed interest rate announcement and economic outlook. The next main move will happen after that. There is a large supply disruption in crude oil due to accident in Saudi Arabia, but it is not likely to impact the S&P500 much as of now.
The S&P500 index trend is up, and we should be looking to take only long trades. The above chart shows the key support and resistance levels for S&P500 Emini futures.2960 should be the stop loss for all long positions and we can see sharp correction below 2960.