Tag Archives: Emini Futures Trading

Emini Futures Trading Analysis- 23Mar2018

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spx500-futures-daily-chart-analysis-23mar2018

Hello Folks, the Emini S&P500 (ES) futures are at 2650. The futures broke their support at 2650 yesterday and went down till 2620 today morning, and have recovered from there back to 2650. However, 2600 is most likely to be tested once before any reversal, because the 200 day SMA is at 2596 currently, and the 200 day EMA is at 2610 currently. So the futures will most likely test 2600 level today or in the next couple of days before we can expect a reliable reversal.

We can expect a reversal from 2600 towards 2700 because the fundamentals of S&P500 companies are in good shape. But its very rare to see a reversal without testing the 200 day SMA when the index is so close to it. Strong support is at 2580, which should hold this time. Resistance is at 2680 and 2780. Please see the attached chart. Continue reading →

Emini Futures Trading Update- 15Feb2017

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spx500-emini-futures-daily-chart-2350-15feb2017

The Emini S&P500 Futures are at 2350.
Strong upmove continues with no sign of profit taking.
Looks like there are more points on upside before any selling can come.

Traders with 5-10 contracts: If the optional/tactical Sell trade given for you
earlier today hits its stop loss at 2352, then you can do a new long trade
from there as follows, with 1-2 contracts. This is an optional/tactical trade.
“Buy Emini Futures at 2352 for Target 2361 with Stop loss 2342.”

Traders with 1-2 contracts: Please wait for suitable trade set up. We
have 26 points in the bag this month, and we can aim for another good
trade of 10-12 points if we get a reliable set up. Current market rally
looks extended and can easily take points away from us. So we have to be
cautious. Thanks.

Emini Futures Trading Update- 03Jan2017

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Hello Folks, the S&P500 Emini futures are at 2242. The futures lost 20 points from day high of 2059 to make day low of 2039.

Trade#1 of Jan 2017 has hit stop loss at 2248. This is our 3rd stop loss of 6 points in this zone of 2250, including the two stops we had in December month So we will have to wait for 2250 to be crossed or broken decisively. All these stop losses will be recovered in one good trade of 20-25 points.

I am looking at 2260 on the S&P500 index. There is a clear long trade above this level. The index went till 2263 today but failed to hold and a 20 point sell off followed. We will get back into the market in a day or two once direction become clear again. There will be tactical trades along the way. The zone for short trades is from below 2240 as mentioned in previous mail today. The futures have bounced back from 2240 multiple times, so we have to see if this level holds.

Traders with 1-2 contracts: There is no immediate trade. Please wait for the next trade specifically for you.

Traders with 5-10 contracts: Here is another tactical trade for you. You can Buy 1-2 contracts at/above 2242 for Target 2252 with Stop 2238. [Update: This tactical trade of 10 points was successfully completely today itself by end of day]

Please Note: The broad view for this month is to be long above 2250 and short below 2240. We will try to create trades using this view. 2252 is acting a key resistance in futures, and 2238 is acting as support.

Background Notes: Jan has been a tough month for markets last 3 years, with S&P500 losing at least 3 percent in Jan 2014, 2015, 2016. Jan is difficult because large investors will do portfolio adjustments and if previous months were good, there is a tendency to become conservative and go into liquid funds. We traders need to be very cautious in Jan. All the best!

Bonus Trade– Emini Futures Trading– 13Oct2016

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New York, 3.45 pm EDT
Hello Folks, the S&P500 Emini futures are at 2127.50
The previous trade hit stop loss, and futures have bounced back.
Here is our next trade.

Trade#4 of Oct 2016
—————————————
Buy Emini Futures at 2128 for target 2156 with Stop 2115
—————————————
Trade Rationale: We are taking 13 points risk, for 28 points reward. And the set up is as good as it can get. Today, the bottom formation looks emphatic.

sp500-emini-futures-daily-chart-13oct2016

Please Note: Once the S&P500 Emini futures move above 2140, then the Stop Loss can be increased to 2128 (buying price), and target can remain 2156. Above 2153, the targets of 2175-2180 will restart. So the same trade can be continued, or a new trade can be taken.

Emini Futures Trading Update – 13Apr2016

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Wednesday, April 13, 2016, 9.45am, New York – Hello Folks, the futures are currently at 2069. For Trade#2 of April, our target of 2067 has been hit successfully today morning. I was expecting it to come by Friday as mentioned in the email last evening. But the momentum is strong and our target got hit today morning itself. This completes Trade#2, with 28 points gain from.

Trade#2 of April 2016 (completed)
------------------------------------
Buy at: 2039
Target: 2067 (hit on April 13, 2016)
Stop: 2030
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This trade has moved fast, and its good we took this immediately after our Stop Loss on Trade#1. We will wait for the index to take a breather after the hectic 40 point upmove from 2030 to 2070 in the last 2 days since Monday morning, and then decide our next trade.

[Emini Futures Trading Strategy] The S&P500 has strong resistance at 2075-2080 level, which translates to about 2070-2073 levels on the SPX/ES futures. However, the S&P500 index is in positive buy zone above 2058, which translates to about 2050 level of the futures. If the S&P500 index goes below 2000 for any reason, all longs must be closed. Of course we will be having predefined Stops much above 2000 level.

[Bonus Trade] Large Traders with 5-10 contracts: You may Sell 2-3 contracts at 2068, for Target 2058, and Stop 2075. This is a tactical trade that aims to benefit from the inevitable profit booking that may come today or tomorrow. Thanks & Best Wishes.