Category Archives: S&P500 Futures Technical Analysis

Emini Futures Trading Update- 03July2019

Posted on by

spx500-futures-daily-chart-analysis-03july2019

Hello Folks, 3000 is here!!! And this 3000 has been our target for S&P500 futures from 1st Jan 2019, the start of this year, when the futures were at 2530, and 3000 looked so far away, and many traders asked me if this was indeed possible within 2019. All along, every month, I have been reminding our trading group that 3000 is the target, and it was difficult to believe just one month back in May 2019, when the futures were in major correction mode. Well, the target has come in 6 months!! And that too after two rejections at 2950 and major corrections along the way.

We have been positive and constructive all along and always looking to buy on corrections, because the uptrend never broke even once as per my analysis. Some traders regularly asked why we were not going short during market rallies. Well, the answer is in front of you. All time high, 3000 is here. The big money has come on the long trades, and for the Nth time since year 2001, it is the long trades that give reliable income with S&P500.

3000 was looking visible once the futures started trading above 2960. We have been long from 2968, so we are gaining from this upmove. But gains keep coming every month, today is the day to celebrate 3000, our major target getting hit. Thank you S&P500!!

On this lovely day, I want to share my next major target with you.
It is 3600. Timeframe 2 years.

Emini Futures Trading Update- 27Jun2019

Posted on by

Hello Folks, the S&P500 futures are currently at 2737, and they have made a recovery from the sharp fall seen on Tuesday, June 25th. Yesterday’s price action (candlestick) made it easy for today’s price recovery because any upmove above 2922.50 (yesterday’s Open) would trigger further price recover till 2939 (yesterday’s High). The target for this recovery is 2955. S&P500 Resistance Level is clearly present at 2960, and the future have failed at that resistance level twice in recent months. A clean long trade will appear above 2963.

spx500-futures-daily-chart-analysis-27june2019

[Bonus Trade] Buy at 2935 for Target 2955 with Stop Loss 2915.

Emini Futures Trading Update- 11Jun2019

Posted on by

The Emini S&P500 Futures are showing correction since yesterday, 10th June 2019, and it has to be expected after such a good recovery rally last week, from the low levels of 2730 to 2900, covering 170 points in 1 week, which would make it one of the fastest rallies ever! The S&P500 lost 230 points in 1 months, and gained 170 points in 1 week. This is the sign of a bullish market, and our aim should be to go long on various corrections.

Our S&P500 Trading Strategy is to buy around 2850 for Target 2950-3000 with Stop loss 2800. All longs should be closed below 2800, and they should be reopened above 2810-2820. The upside target for year 2019 is 3000, and it has not changed since Jan 2019, when the futures were near 2530.

Currently, profit taking is happening, and we should wait before doing fresh buying.

spx500-futures-5hr-chart-analysis3-11jun2019

spx500-futures-5hr-chart-analysis2-11jun2019

spx500-futures-5hr-chart-analysis-11jun2019

Emini Futures Trading Update- 04Jun2019

Posted on by

spx500-futures-daily-chart-analysis-04june2019

Hello Folks, the S&P500 futures are making a very bullish move after a month long fall in May 2019. Nice to see a lovely green day after many red days! And 2800 level is back! This was given as a target at 2750, and it has come within 48 hours.

#SP500 futures are currently at 2805, well above their 200 day moving average of 2770, so we are back on positive ground again, and from here, the default direction is up. Immediate target 2825, which would be 100 points up from yesterday’s low of 2725, so 20 points upside is clearly visible before any major profit taking comes.

There is an old resistance at 2830, which is also now coinciding with 20 day moving average, so we should expect a pause and correction at 2830. Above 2830, the reliable target is 2850 for June 2019. Other two upside targets for June-July are 2880 and 2910. The original target of 3000 is still intact. So we need to stay long above 2770.

In addition, Nasdaq100 is up 2.2%, or 153 points, reversing its major loss of yesterday, and reversing from a critical support level. That’s a positive sign for the current recovery in S&P500. But the S&P500 futures have to cross 2820-2830, for emerging into fresh upmove till 2880-2900. The 200 day moving average is at 2770, which should provide support on the downside. A retest of 2800 is very likely to create the next upmove above 2830.

Emini Futures Trading Update- 31May2019

Posted on by

spx500-futures-daily-chart-analysis1-31may2019

spx500-futures-daily-chart-analysis2-31may2019

Hello Folks, the S&P500 futures are currently at 2766.00
Today’s Range: 2751.00 – 2790.75

We have had a large gap down today, with Trump tweet regarding Mexico today. The market was already uneasy the whole of May 2019, and this just pushes it further down, while investors try to assess, where the support levels are. We will buy the Micro Emini Futures (MES) again for June, with a stop loss at 2740-2720 (see Bonus Trades below), which was the previous successful support level. This is an oversold  market, and we should see a have a very good recovery in June. We will add new Micros above 2800 level. Upside targets till 2910 are clearly visible. And 3000 target is still intact. So I am confident that we will make good profit from here, and we will add new positions on the upmove above 2800.

[Bonus Trades for June 2019]
——————————————————————–
(a) Buy at 2760, Target 2800, Stop loss 2740
(b) Buy at 2750, Target 2830, Stop loss 2720
——————————————————————–
Traders can use Micro Emini(MES) futures to distribute these trades.

This month, May 2019, has been somewhat like Dec 2018, with weakness all through the month. Most of the weakness this month has come in pre-market gap downs – its one of the largest concentration of pre-market corrections since 1982. We will let the futures get back above their 200 day moving average, before buying more. We did not get a chance to add more contracts and lock the gains in May 2019, but the good news is that the S&P500 is at 2765, which is means solid upside available from here in June 2019, and we will use it by increasing our positions once the upmove is in progress. Thanks.