Category Archives: S&P500 Futures Technical Analysis

Emini Futures Trading Analysis- 27Feb2020

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Hello Folks, the S&P500 futures are at 2937.00
The futures have lost 400 points or nearly 12% in last 6 days.
Its like a free fall, which I have not seen in the last 20 years.

This was my mail last Friday, Feb 21, when the futures were at 3339.
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“Just fyi, the major support is currently at 3320, and that’s also our absolute stop loss for any long trade, because below 3320, the uptrend will break, and volatility will spike up, so we will just step aside below 3320.”
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This has played out exactly as expected, but the magnitude of this correction is mind numbing. Nothing in my analysis or trading systems could predict this sharp one-way downmove of 400 points, along with a few 50-80 point pullbacks along the way, to close most of the short positions too. Continue reading →

Emini Futures Trading Analysis- 21Feb2020

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spx500-futures-daily-chart-analysis1-21feb2020

Hello Folks, the S&P500 futures are at 3357.25
Today’s Range (so far): 3345.00 – 3369.00

S&P500 Futures Technical Analysis: The futures are trying to find support below 3350 and have bounced back from 3345 early today morning, and the momentum indicators reversing from lower levels, which is a positive sign. At the same time, the futures are facing resistance at 3360. The futures are likely to go up and retest 3375-3380, where there is major resistance. So, we can use this fact to get back into long trade in a small way, because we have already exited at 3380 in the previous trade.

spx500-futures-hourly-chart-analysis1-21feb2020

Our S&P500 Futures Trading Strategy is to stay long above 3340, which is was the reversal point yesterday. So we will continue to buy the corrections, which has worked successfully in the entire uptrend since Oct 2019. The absolute stop loss on all long trades is 3320, below which the uptrend will break. The next major target is 3420, which is still on. Continue reading →

Emini Futures Trading Analysis- 14Feb2020

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spx500-futures-daily-chart-analysis1-14feb2020

Hello Folks, the S&P500 futures are closing at 3380.00
Today’s Range: 3365.50 – 3388.00

The futures have been testing 3360-3370-3380 levels since yesterday.
There is a strong resistance at 3380-3385, which can give 20-30 points
correction back to 3360-3350. So a clean trade may come above 3390.

Different short-term indicators are showing different views, which makes
it difficult to do take up a take trade with high conviction.

The weekly and monthly charts are bullish, and 3400-3420 is our next
upside target. 3300 is the absolute stop loss on any long trade now.
So we will look for better setups in the coming week. Thanks.

spx500-futures-15min-chart-analysis2-14feb2020

Emini Futures Trading Analysis- 13Feb2020

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Hello Folks, the S&P500 futures are at 3380.00
The futures corrected sharply from 3380 last evening, and tested 3350
early today morning, and have bounced back to 3380. This is bullish.

These moves are not reliable trade setups, because key resistance levels
are being tested, and 10-15 point stop loss can be gone rapidly.

[Bonus Trade]
“Buy at 3368 for Target 3380 with Stop loss 3360”
The above trade has 12 points gain with 8 points risk.

We will wait for better setups for doing General or Optional Trades. Thanks.

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 →