Emini Futures Trading Analysis- 24Apr2020

Hello Folks, the S&P500 futures are at 2827.00
Today’s Range: 2755.00 – 2834.50

The S&P500 futures came till 2836 yesterday, and then sharply fell to 2785 within 3 minutes after negative news related to Coronavirus vaccine. It was a 50 point cut in 3 minutes, which would have taken out a lot of stop
losses. The futures went till about 2755 yesterday but did not break 2750. That is positive, and they are again up today at nearly 2830. This is a bullish sign. I think the futures will test 2900 in the coming days.

The major resistance has been around 2850-2880. Above 2880, this resistance will be taken out, and S&P500 Trend will be firmly up. We may get a chance to do General Trade (for all Traders) above 2880, even if its with a smaller position size. I am watching the market closely to see how can we use the current bullish setup of today for our trade next week. Above 2900, the target will be 2930.

[Bonus Trade]
“Buy at 2880 for Target 2930 with Stop loss 2850”
The above trade will trigger at 2880 and has 30 points risk for 50 points reward. All trades should be done with smaller than usual position size because of volatile markets. Thanks.

Emini Futures Trading Analysis- 21Apr2020

Hello Folks, the S&P500 futures are at 2733.00
Today’s Range: 2717.50 – 2832.50

The S&P500 futures have corrected by over 100 points since yesterday, and not in a straight line, so many stop losses of all kinds of trades have been taken out. Below 2700, the risks will rise rapidly.

Market sentiment has got badly broken, and Volatility has spiked up in last 24 hours because of the crash in Crude Oil futures – they went into negative rates, which is like a penalty for Crude Oil production, and its the first time we have seen anything like this in any major asset.

This Crude Oil futures crash has caused huge losses to all market participants, because Crude Oil/Energy is present as direct or indirect investments in all major funds and investment portfolios.

This article summarizes it well.

Btw, today April 21 is 2 months since Feb 21, when the major correction started in the markets. Most corrections don’t last longer than 2 months, but this one is very different in its nature because of the pandemic. We will remain cautious, because the market conditions are very rough.

Emini Futures Trading Analysis- 01Apr2020


Hi, the S&P500 futures are at 2459.00, down 110 points or -4.30%
Today’s Range: 2453.50 – 2563.00

The futures were at 2611 when I mailed you yesterday,
and mentioned this in the market levels.
“- Safety will start above 2650 (we are almost there!)”

But the futures could not even go near 2650!
They reached 2635 and started facing selling pressure, and they are now below 2460, down 170 points since yesterday’s high. Its not hard for the futures to move up/down 30 points in the current market conditions with high volatility, but they could not even approach 2650 yesterday. It means the market is not yet ready for become safe and stable, which means more correction, till we get better conditions. In regular market conditions, the S&P500 futures can stay flat for a couple of days, but that’s not possible now. If the market can’t go up, it has go do down without any waiting. Continue reading

Emini Futures Trading Analysis- 25Mar2020


S&P500 Futures Technical Analysis: S&P500 futures closed today at 2467, and above their 10 day SMA for the first time since 20 Feb 2020 (20/02/2020) — it was a very eventful date, from where this entire major correction started. 2200 is the support for this week, and 2600 is the upside target. 2500 was the first target, which has been achieved today. The volatility is still very high to trade with small stop losses. Today is the first day in last one month, when the futures have done two consecutive green days.

S&P500 Emini Futures Trading Strategy: Traders looking to trade for 100-120 points gain can with can stay long above 2400. Today’s low was 2387, so 2380 is the absolute stop loss on any long positions. The futures bounced back from 2174 on Monday, 23 March 2020. Therefore, below 2170, fresh breakdown can happen. Keeping 2400 as stop loss will protect from any major downsides. We can’t be sure if a bottom has been made in the markets, because the coronavirus cases are still increasing. So we have to keep position size very small on any trade.

Emini Futures Trading Analysis- 11Mar2020


The S&P500 futures have closed at 2741, down 4.50% for the day, and wiping out all the gains of yesterday. The selling pressure is relentless and even small gains during the day are meeting aggressive selling. The futures are now 330 points below the 200 day moving average, which is a lot of damage.

Our S&P500 Emini Futures Trading Strategy is to wait for this intense high volatility to subside, and for the futures to show a couple of green days, not like one green day followed by deep red day! Clean trades with low volatility will be available above 3060.

There is also a recovery trade of 250 points from 2800 to 3050, with 2700 as Stop loss.