Tag Archives: ES

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)
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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.

Bonus Trade: Buy S&P500 Emini Futures at 2010 for target 2045

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Hello Folks, here’s a Bonus Trade for all our website visitors.
Background Notes: The S&P500 has been correcting relentlessly this week from 2100 to below 2010. The Index is oversold in the near term, and is poised for an upmove at the first opportunity, which may come today or on Monday. The Index is not suitable for short selling at current levels, as shorts may want to cover rapidly once the upmove starts, to protect their windfall profit this week. The 90 point correction this week creates a long trade opportunity as follows:

Specific Trading Opportunity: Buy S&P500 Emini Futures (ES) at 2010 for target 2045. 2010 is the current market price. This is not a day trade and needs holding for 5 days. The target 30 points upside is possible in the coming week by next Friday. This trade is for aggressive traders who can take volatility. The Stop Loss for this trade is 1997 on S&P500 Emini Futures (ES).

Please Note: Even if the Stop loss is hit, traders should get back in the trade once S&P500 Futures come back above 2002. This reversal trade is not to be missed. The upside probability is high, and such a trade comes along once a quarter, and must be taken with both hands.