Tag Archives: 2900

Emini Futures Trading Analysis- 11May2020

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spx500-futures-30min-chart-analysis1-11may2020

Hello Folks, the S&P500 Emini Futures are currently at 2937. They have moved up further after the end of day upmove on Friday, when they closed above 2920. The futures have hit 2940 early today morning.

There is a short term resistance around 2940 level, as you can see in the above chart (black line). The parabolic uptrend has also broken in the short term (gray line). So, we have to wait and watch for next few hours.

spx500-futures-30min-chart-analysis2-11may2020

The above chart shows how the resistance at 2940 prevailed and the futures went down till 2890, a correction of 50 points.

The S&P500 futures trend is up above 2830, and 2880 is a critical level.

Our S&P500 Emini Futures Trading Strategy is to stay long above 2880, and exit all long positions below 2880. Meanwhile, 2900 can be used as a stop loss for most long trades, or for creating new long trades with 2880 as Stop loss.

[Bonus Trade#1] Buy at 2920 for Target 2960 with Stop loss 2900
Trade Result: Stop loss hit.

[Bonus Trade#2] Buy at 2900 for Target 2950 with Stop loss 2880
Trade Result: Trade in progress.

Emini Futures Trading Analysis- 29Apr2020

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Hello Folks, the S&P500 futures are at 2934.00
Today’s Range (so far): 2870.75 – 2935.25

The futures have bounced back today after hitting our Stop loss at 2880 yesterday, during the unexpected 70 point fall from 2913 till 2851.

Unfortunately, our carefully selected General Trade hit 20 points stop loss yesterday (though it was with only 20% position size). And now the futures have gone up and hit 2930, the target we had for that trade. It
feels bad to be in that situation. In normal markets, we may have bought back the futures 20 points below stop loss to reestablish the positions, but the current market can go anywhere rapidly, so we could not take that risk.

2880 is the critical level and the futures bounced above it in early morning trade. Near-term targets are 2930, 2950 and 3000, but the volatility is still high to do a General Trade. In addition, the US Fed meeting notes will come today, which can move the futures rapidly up/down. Continue reading →

Emini Futures Trading Analysis- 24Apr2020

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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- 05Mar2020

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Hello Folks, the S&P500 futures are at 3022.00 (in after market trading). The futures went down till 2996 during the day, falling from a high of 3114, which was yesterday’s closing. So today was another 100 point down day, with two 50 points spikes, to take out stop losses of all kinds of traders. That’s why this market is best avoided till it stabilizes.

All this up/down movement is to test the 200 day moving avg, which is currently at 3068. Major resistance on the upside is at 3150, and major support on the downside is at 2850. So there is a large 300 point band, in which the futures can decide their daily direction.

In current market conditions, we can’t do any real trade with less than 30 point stop loss. 20 points are going away rapidly in 5-10 minutes as if they are nothing. And support and resistance levels are also wide apart, as the S&P500 index is trying to navigate this period of high volatility.

[Bonus Trade]
Buy at 3020 for Target 3068 with Stop loss 2990.

Our S&P500 Futures Trading Strategy is to be very careful, and take very few trades after careful observation. The market has not yet stabilized, so our position size must be small, to avoid sudden losses. Thanks.

Emini Futures Trading Analysis- 04Mar2020

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spx500-futures-daily-chart-analysis2-04mar2020

The S&P500 futures closed at 3114. It was a big green day, after a big red day. These are all indicative of the market trying to adjust itself. A retest of 200 day moving avg (3068) is sure to come tomorrow, 5th March. Traders should take profits around 3100 and wait for lower levels like 3050 to consider a new trade. 3050 should provide short term support, but 2970 is the real support on the downside.

Major resistance on the upside is at 3150, and major support on the downside is at 2850. So there is a 300 point band, in which the futures can decide their direction.

Our Emini Futures Trading Strategy is to be care careful, and take very few trades after careful observation. The market has not yet stabilized, so our position size must be small, to avoid sudden large loss.

[Bonus Trade]
Sell at 3090 for Target 3040 with Stop loss 3120.

This trade can give 50 points gain for 30 points risk. Unfortunately, in current market conditions, we can’t do any real trade with less than 30 point stop loss. 10-20 points are going away rapidly as if they are nothing. And support and resistance levels are also widely placed, as the S&P500 index is trying to navigate this period of high volatility.

spx500-futures-daily-chart-analysis1-04mar2020