Category Archives: S&P500 Futures Trading

Emini Futures Trading Analysis- 11Sep2018

Posted on by

spx500-futures-daily-chart-analysis-11sep2018

The S&P500 Emini futures (ES) are currently at 2879, and the day low was 2867.50
Our Emini Futures Trading Strategy is to stay long above 2880 with stop loss 2860 for upside targets of 2930-2950. It is important for the futures to close above 2880, because there is a strong resistance at that level, and it was also the breakout level. A failure to cross 2880 will make it a double top at 2880 – with one top is Jan 2018 and the second top in Sep 2018, which has major implications, with downside targets of 2400-2500 level. Therefore, traders have to be very cautious at the current level, because we are dealing with a major top here and it can make or break the market in the coming days.

Emini Futures Daily Analysis- 28Jun2018

Posted on by

spx500-futures-daily-chart-analysis-28jun2018

Please see the above chart for S&P500 Futures Technical Analysis. We have plotted 3 support lines. The S&P500 has about 30 points downside more till 2670, where there is strong support, and from there, the S&P500 Emini Futures (ES) should bounce back nicely till 2740. Our Emini Futures Trading Strategy is to buy on corrections because the uptrend is intact above 2500.

[Bonus Trade] Buy at 2675 for Target 2635 with Stop loss 2660.
This bonus trade can give 60 points gain with 15 points stop loss.

Emini Futures Trading Update- 27June2018

Posted on by

spx500-futures-daily-chart-analysis-27june2018

Hello Folks, the S&P500 Emini futures are at 2745.00
Today’s Range: 2705.50 – 2748.00

The futures defended 2700 level again today, and then moved up rapidly after the second successful testing of 2700 level. We are fortunate that 2700 stop loss was not hit, though the futures came close to it a couple of times.

Trade#5 of June 2018 has hit target of 2747 today, and this trade has given a gain of 22 points, from our buying at 2725 on Monday.

From the sharp fall of nearly 50 points on Monday to profit on Wednesday – thanks to the inherent fundamental strength of S&P500 index. We had existed the previous trade at 2784 last week, which really helped us save capital in the sharp fall on Monday.

The S&P500 trend us up, therefore our S&P500 Emini (ES) futures trading strategy is to stay long and buy on corrections nearer to strong support levels. There is no immediate trade as of now. A new long trade can be considered on closing above 2760. So we will wait and watch. Thanks.

Emini Futures Trading Update- 29May2018

Posted on by

Hello Folks, the S&P500 Emini futures are at 2700.50
Today’s Range: 2690.25 – 2724.25

Today early morning, the futures have hit stop loss 2704 in Trade#8.
There is no new general trade as of now, and I will mail you shortly after market analysis.

The futures fell by nearly 30 points in early morning trade, before US markets opened, and went down till 2790. They were unable to cross 2740 last week, and kept coming back to 2720 level, after defending 2704 level, which was our stop loss.

As the futures have bounced back to 2700 again may mean that the fall of today morning was not meant to breakdown the 2700 support level. Our Emini S&P500 Futures Trading Strategy is to stay long above 2700 for targets of 2780-2800. That has not changed. S&P500 Futures Technical Analysis indicates strong support at 2680, and major weakness below 2680 for lower targets of 2600-2630. However, since the futures have tested 2600-2630 level multiple times in last 2 months, that scenario has less probability as of now.

Traders with 5-10+ contracts:
Here are two new optional optional trades with 1-2 contracts each.
(k) “Buy at 2700 for Target 2720 with Stop loss 2690.
(l) “Buy at 2700 for Target 2730 with Stop loss 2680.

[Bonus Trade] For all our website visitors and traders.
“Buy at 2710 for Target 2730 with Stop loss 2700.”
This trade will activate at 2710, which is about 10 points above the current price of 2700. Thanks.

Emini Futures Trading Update- 24Apr2018

Posted on by

spx500-futures-daily-chart-analysis2-24apr2018

Hello Folks, the S&P500 Emini futures are at 2635.75
Today’s Range: 2616.25 – 2688.50

The futures tried to cross 2680 (the known resistance level) but failed, and a series of supports broke, mainly 2650 and 2630, with cascading stop losses. The market is talking about the weakness in FAANG stocks, but it could have been something else too. The set up was getting weak below 2680.

Please refer my mail from last Friday: “The futures may test both 2650 and 2690 in the coming week. The support at 2600 should hold.” Today 2650 was broken but 2600 has held. The probability of 2600 level breaking is low, and even if it breaks, the futures may bounce back within an hour. So we can continue to work with 2600 level as the absolute stop loss.

Traders with 5-10 contracts:
Here is a new optional trade that can be done with 1-2 contracts.
“Buy at 2630 for Target 2666 with Stop loss 2600”

The futures have now lost 80 points from the 2712 level, where we first saw weakness creep in on a bullish set up. We will do a new trade once market stabilizes. Thanks.