Emini Futures Trading Analysis- 07July2017

http://eminifuturestrading.biz/wp-content/uploads/2017/07/spx-futures-weekly-chart-07july2017.png

The above weekly chart of S&P500 futures show clear resistance at 2450 level, which the futures have not been able to cross in last 6 weeks, despite regular attempts.The futures have closed this week in the middle of the 2400-2450 range, which has been holding up in recent weeks. The futures have strong support at 2350 and 2200 levels. While 2350 may not hold in case of strong selling pressure, we can expect 2200 to hold despite selling pressure.

Technical Analysis of S&P500 Emini Futures Weekly Chart

Moving Average Indicator:  The market has been extremely bullish in recent weeks, however currently the market is consolidating at 2420-2430 level for last 6 weeks. This is bullish and positive for the long side trades. Any dips towards 2400-2410 can be used for buying. In fact all rates below 2420 are good buying opportunity, because 2440-2445 is most likely to come in July again, giving 20-25 points gain.

Momentum Indicator: Momentum (42.00) is above zero, indicating an overbought market. The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is in bullish territory and upmove is likely towards 2440-2450 by July end. Continue reading

Emini Futures Trading Update- 19June2017

Hello Folks, we have successfully completed the following optional/tactical trades today:

(a) “Buy Emini Futures at 2439 for Target 2449 with Stop loss 2430.”
— given today morning with +10 points gain

(b) “Buy Emini Futures at 2434 for Target 2445 with Stop loss 2420.”
— given on Saturday morning with +11 points gain

Total gain: +21 points on 1-2 contracts for Traders with 5-10 contracts.

—————————- Original Message —————————-
Subject: Re: Emini Futures Trading – 19 June 2017
From: info@eminifuturestrading.biz
Date: Mon, June 19, 2017 3:00 pm
To: Emini Futures Traders
————————————————————————–
Hello Folks, the S&P500 Emini futures are at 2446.25
Today’s Range (so far): 2432.75 – 2450.75

The latest optional trade given today morning has completed successfully (from 2439 to 2449) with 10 points gain. The futures finally hit our initial target of 2450, though we reduced the target by 1 point to 2449. The multiple retests of 2420 last week were in preparation for 2450, which has come today.

Traders with 5-10 contracts: Here is a new optional/tactical trade.
“Buy Emini Futures at 2446 for Target 2456 with Stop loss 2435.”
This trade was to be done with 1-2 contracts. Thanks.

—————————- Original Message —————————-
Subject: Re: Emini Futures Trading – 19 June 2017
From: info@eminifuturestrading.biz
Date: Mon, June 19, 2017 11:03 am
To: Emini Futures Traders
————————————————————————–

Hello Folks, the S&P500 Emini futures are at 2447.00
Today’s Range (so far): 2432.75 – 2449.75

The futures have moving up as per our analysis, and the recent optional trade suggested on the weekend (2434 to 2445) has got completed with 11 points gain. The latest optional trade given today morning (2439 to 2450) missed executing my 0.25 points as futures reversed from 2449.75.

Traders with 5-10 contracts: Please note the revised target and stop loss for this optional/tactical trade given earlier today.
“Buy Emini Futures at 2439 for Target 2449 with Stop loss 2439.”
This trade was to be done with 1-2 contracts.

Traders with 1-2 contracts: If we had less than 20 points in the bag this month, we would have taken up a new general trade from 2434 to 2445, which was given as optional trade today morning to traders with 5-10 contracts. By June 21st, it would be 1 week after the US Fed policy, and adjustments by large investors maybe completed. Then we may consider a new general trade. Thanks.

—————————- Original Message —————————-
Subject: Emini Futures Trading – 19 June 2017
From: info@eminifuturestrading.biz
Date: Mon, June 19, 2017 8:20 am
To: Emini Futures Traders
————————————————————————–

Hello Folks, the S&P500 Emini futures are at 2438.50
Today’s Range (so far): 2432.75 – 2440.25

The futures are moving up as per our analysis after Friday market close. But we are still in US Fed policy adjustment period, and 10-20 point volatility can come without any prior indication even this week, so we could lose 10-15 points in stop loss even in a good setup like the current one. Therefore, we will not do a new general trade as of now. We will continue doing optional trades, which expose a smaller amount of capital, typically 10-20% capital per trade.

Traders with 5-10 contracts: Here is a new optional/tactical trade.
“Buy Emini Futures at 2439 for Target 2450 with Stop loss 2430.”
This trade can be done with 1-2 contracts.

The following optional/tactical trades are on currently.
(a) “Buy Emini Futures at 2439 for Target 2450 with Stop loss 2430.”
(b) “Buy Emini Futures at 2434 for Target 2445 with Stop loss 2420.”
(c) “Buy Emini Futures at 2430 for Target 2495 with Stop loss 2400.”

Trade(c) is a long range one, which may take a several weeks.
All these trades are to be done with 1-2 contracts each. Thanks.

Emini Futures Trading Analysis- 26May2017

spx500-weekly-chart-26may2017

Emini Futures Trading Strategy:  The S&P500 Emini Futures have bounced back from 2350, and crossed 2400 decisively last week. Now the target is 2450. There will be some resistance around 2420-2430 level, and above that 2450 can come within 1-2 trading sessions. The S&P500 Emini Futures Trading Strategy is to stay long, and buy any correction towards 2400, because 2400 will act as a good support now. The real strong support is at 2380 level. However, fresh long positions should be created only above 2400 level with max stop loss around 2380 level.

[Bonus Trade] Buy S&P500 Emini Futures at 2410 for Target 2450 with Stop Loss 2390. Continue reading

Emini Futures Trading Analysis- 19May2017

spx500-futures-weekly-chart-19may2017

Market Trend: The futures tested the support level of 2340-2350 this past week, and bounced back from there. If the futures move up above 2383, then higher levels can come in the next 10 days. The futures will become bearish below 2380. So it is a very thin line between bullishness and bearishness in the coming week. A retest of 2360 level is likely, and another retest of 2350 level is also possible, though it is less likely as of now.  The upside targets are visible in the range of 2420-2430. For the immediate term, the key level to defend is 2380. Strong supports are visible at 2250 on the weekly charts, so if you see 2250 for any reason, you can create fresh long positions at 2250 for for a retest of 2280-2290, before any major downside opens.

[Bonus Trade] Traders can go long at 2380 for Target 2420 with Stop loss 2350.

Technical Analysis of S&P500 Emini Futures Weekly Chart

Moving Average Indicator: Price is above the moving average so the trend is up. The market is bullish. However, recently the market has been extremely bullish, however currently the market has lost a some of its bullishness Its possible that we may see a market pullback here. In such a case, the pullback will be a good buying opportunity.

Commodity Channel Index (CCI) Indicator: CCI (70.48) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region. CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (70.48) is currently long. The current long position position will be reversed when the CCI crosses below zero. The market just signaled a bearish key reversal off a 9 bar new high, suggesting closing any long positions here. Continue reading

Emini Futures Trading Analysis- 05May2017

spx-weekly-chart-05may2017

Notes: The above weekly chart is indicating an upmove above 2400 in the coming days/weeks. Major supports on this weekly chart are visible at 2350 and 2200 levels. There is a decent probability of a retest of 2200 sometime in the next 6-12 months, because 2200 was not tested properly on the way up, and the S&P500 usually tests each key level multiple times before making long term upmove above that level.

[Bonus Trade] Buy S&P500 Emini Futures at 2380 for target 2400, with Stop loss 2370. This trade offers 20 points gain with 10 points risk, which is a good deal in a market with positive bias. Continue reading