Category Archives: Emini Futures Trading Strategy

Emini Futures Trading Analysis- 11Feb2020

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Hello Folks, the S&P500 futures are at 3360.00
The futures broke out of 3340 resistance after market hours yesterday and moved up till 3374, and corrected back to 3360 by end of day.

These days, we are seeing the exact opposite in Feb 2020 compared to Aug 2019. In Aug 2019, we had constant selling and gap downs in after market, and now we are seeing constant gap up in after market. But then, Aug 2019 was the low point in that market cycle, so is this a near term top? We have to be careful.

As mentioned in previous mails, above 3300, the upside target of 3350-3360 is there, but it was not a reliable path because of the resistance at 3340. That’s why we didn’t do a new Optional Trade for target 3360. We have no new trade as of now. Continue reading →

Emini Futures Trading Analysis- 10Feb2020

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Hello Folks, the S&P500 futures are at 3336.00
Today’s Range: 3303.50 – 3341.50

The futures had a volatile weekend, and they went down till 3303 early today morning, in pre-market hours. Now at 3336, the futures are trying to move up again. But there is a strong resistance at 3350-3353 level.

There is significant uncertainty in the market coming from Coronavirus. Its still not controlled or cured, and some of the worst case scenarios of the virus spread are running into millions of patients worldwide. So the risk on global economy from Coronavirus is very real and significant.

The non-stop fall in the price of Crude Oil (below major support level of $50 per barrel) is an indication of the significant fundamental risk.

We have made 25 points in the first General Trade. So we will be cautious, and will take a new trade if a solid setup comes. We may still do Optional Trades on reasonably good setups using fewer contracts. As of now, the market looks uncertain, and 10-20 points can be gone within 10 minutes. We have no new trade as of now. Thanks.

Emini Futures Trading Analysis- 06Feb2020

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Hello Folks, the S&P500 futures are at 3343.00
Today’s Range: 3322.25 – 3357.00
The futures broke out of the 3330-3340 resistance zone last evening, during after market hours, and raced up till 3357.

“But the uptrend is also in good momentum, and we have target of 3350-3360”
— The above target came during after market hours, and a few active traders could use it for making fresh gains. In our own trading accounts, 3353 target got executed but orders placed at 3358 got missed by a point.

Optional Trade update:
“Buy at 3333 for Target 3353 with Stop loss 3213.”

The above trade given yesterday after market hours, did not execute at 3333 yesterday evening, because the futures were moving around 3335, and then took off for 20 point upmove to 3355, within 5-10 minutes of my mail. In other words, by the time the trade was visible to us, it also became visible to many other traders and trading algorithms! A few nimble traders were able to buy during this upmove between 3335-3340 and sell at 3353, with 10-15 points gain.

If you have bought at 3333 today morning with limit buy order, then please exit at current price of 3343, with 10 points gain, because this is not the same trade of yesterday, because the 3353 target has already been hit. We have no new trade as of now, and will mail you again later with market analysis. Thanks.

Emini Futures Trading Analysis- 05Feb2020

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spx500-futures-daily-chart-analysis2-05feb2020

spx500-futures-hourly-chart-analysis2-05feb2020

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)
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Buy at 3300 for Target 3325 with Stop loss 3280
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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.

Emini Futures Trading Analysis- 04Feb2020

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spx500-futures-daily-chart-analysis1-04feb2020

Hello Folks, the S&P500 futures are at 3285.00
Today’s Range (so far): 3236.50 – 3289.50

The futures have crossed 3280 in pre-market trading, while the S&P500
index closed at 3248 yesterday. So nearly 40 points have been added in
overnight and pre-market trading, which is very rare. So the sharp
corrections are being met with equally sharp rally, which is positive sign
for the market.

S&P500 Futures Technical Analysis
The key support level is 3280. Above 3280, safety starts.
Above 3300, new long trades can be done for target 3320 and 3330.

[Bonus Trade]
Buy at 3290 for Target 3320 with Stop loss 3270.
Trade update: The above trade was completed on 05Feb2020, within 24 hours.

Notes:

  • The main point that’s visible now, is that the way the futures have recovered from hitting a low of 3213, and testing 3230 couple of times, back above 3280 – that’s a
    bullish pattern. Our Emini Futures Trading Strategy is to stay long above 3280.
  • The futures have tested 3250 and 3230 level successfully and have moved up
    – all in one day. That indicates buying strength. Some of the damage done
    on Friday has been corrected now, and some more will get corrected if the
    futures start trading above 3300. Thanks.