Emini Futures Trading Update- 20Feb2017

Hello Folks, the S&P500 Emini futures are at 2352.50
Today’s Range: 2346.00 – 2356.75

The S&P500 Emini futures are showing signs of fatigue after recent rally.
We may see 2340 again for testing that support level, which was tested 2-3
times last week.

The following optional/tactical trade given on Friday, 17 Feb 2017, has
hit its target of 2354 today, giving 10 points gain.
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Traders with 5-10 contracts: Here is a new optional/tactical trade.
“Buy Emini Futures at 2344 for Target 2354 with Stop loss 2336.”
This trade can be done with 1-2 contracts.
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Traders with 1-2 contracts: Please wait for suitable trade set up. The buy
signal that appeared on Friday at 2343 gave 13 points (from 2434 to 2356),
and its already looking weak. So I am waiting for a suitable buy signal
with 15-20 point upside, so that we can get 10-12 points from it. I will
mail you again tomorrow around market start. Thanks.

Emini Futures Trading Update- 17Feb2017

Hello Folks, the S&P500 Emini futures are at 2344.
Today’s Range: 2336.50 – 2347.50. Its is a “doji” candle day, where the
start and close are at nearly same level, indicating indecision, whether
to go higher or go lower.

The latest optional/tactical trade hit Stop loss at 2338 today morning,
taking away 5 points, but we still have good profit for the Feb month.
“Buy Emini Futures at 2343 for Target 2353 with Stop loss 2338.”
Stop loss was hit at 2338 and futures are back at our buying price 2343.
That’s life in a choppy market.

Traders with 5-10 contracts: Here is a new optional/tactical trade.
“Buy Emini Futures at 2344 for Target 2354 with Stop loss 2336.”
This trade can be done with 1-2 contracts.

Traders with 1-2 contracts: Please wait for suitable trade set up. A new
buy signal is coming today now at 2343 but we will have to wait or some
confirmation on Monday for a reliable trade. Thanks.

Emini Futures Trading Update- 15Feb2017

spx500-emini-futures-daily-chart-2350-15feb2017

The Emini S&P500 Futures are at 2350.
Strong upmove continues with no sign of profit taking.
Looks like there are more points on upside before any selling can come.

Traders with 5-10 contracts: If the optional/tactical Sell trade given for you
earlier today hits its stop loss at 2352, then you can do a new long trade
from there as follows, with 1-2 contracts. This is an optional/tactical trade.
“Buy Emini Futures at 2352 for Target 2361 with Stop loss 2342.”

Traders with 1-2 contracts: Please wait for suitable trade set up. We
have 26 points in the bag this month, and we can aim for another good
trade of 10-12 points if we get a reliable set up. Current market rally
looks extended and can easily take points away from us. So we have to be
cautious. Thanks.

Emini Futures Trading Analysis- 08Feb2017

spx500-emini-futures-daily-chart-2290-08feb2017

Summary: Once the S&P500 Emini futures start moving above 2292, it means that the support at 2280 has got tested successfully in the last 2-3 days, and the futures have absorbed the selling pressure that was coming around 2290 level. Therefore a new long trade can be taken above 2292.

Bonus Trade:
Buy Emini Futures at/above 2292 with Target 2305 and Stop loss 2280.
The same trade has also been given as an optional trade to our subscribers. Continue reading →

Emini Futures Trading Update- 03Jan2017

Hello Folks, the S&P500 Emini futures are at 2242. The futures lost 20 points from day high of 2059 to make day low of 2039.

Trade#1 of Jan 2017 has hit stop loss at 2248. This is our 3rd stop loss of 6 points in this zone of 2250, including the two stops we had in December month So we will have to wait for 2250 to be crossed or broken decisively. All these stop losses will be recovered in one good trade of 20-25 points.

I am looking at 2260 on the S&P500 index. There is a clear long trade above this level. The index went till 2263 today but failed to hold and a 20 point sell off followed. We will get back into the market in a day or two once direction become clear again. There will be tactical trades along the way. The zone for short trades is from below 2240 as mentioned in previous mail today. The futures have bounced back from 2240 multiple times, so we have to see if this level holds.

Traders with 1-2 contracts: There is no immediate trade. Please wait for the next trade specifically for you.

Traders with 5-10 contracts: Here is another tactical trade for you. You can Buy 1-2 contracts at/above 2242 for Target 2252 with Stop 2238. [Update: This tactical trade of 10 points was successfully completely today itself by end of day]

Please Note: The broad view for this month is to be long above 2250 and short below 2240. We will try to create trades using this view. 2252 is acting a key resistance in futures, and 2238 is acting as support.

Background Notes: Jan has been a tough month for markets last 3 years, with S&P500 losing at least 3 percent in Jan 2014, 2015, 2016. Jan is difficult because large investors will do portfolio adjustments and if previous months were good, there is a tendency to become conservative and go into liquid funds. We traders need to be very cautious in Jan. All the best!