Emini Futures Trading Analysis- 12July2021

Hello Folks,
The S&P500 futures are at 4372.
The futures have made a good recovery from the sudden fall last week. Our analysis was showing a recovery to 4230 level, and we shared an Optional Trade based on that analysis for Traders who trade with multiple contracts.

[Optional Trade#2] Update – Target hit at 4325 (30 point gain)
“Buy at 4295 for Target 4325 with Stop 4280”

But the momentum has been falling as the futures moved up above 4350, which doesn’t look like a safe setup for a new long trade. So we will wait and watch this week. On July 16th, there is monthly derivatives expiry, so some volatility should be expected over next 2-3 days. Overall, the setup is getting suitable for a trade.

Our S&P500 futures trading strategy for near term remains same:
“Stay long above 4300 for target 4400”.

The futures have a good support at 4330, and we will try to take a long trade around that level, between 4330-4340. We will get back to you with further analysis after market close today. Thanks.

Emini Futures Trading Analysis- 02July2021

sp500-futures-daily-chart-analysis-02jul2021

Hello Folks,
S&P500 futures are at 4321.

Our S&P500 futures trading strategy is:
“Stay long above 4300 for target 4400”.

There is a strong bullish zone above 4300, which also coincides with a resistance zone between 4290-4320, and we are in that resistance zone currently, but the fact that the futures are moving above 4300 is positive, and we should stay long above 4300.

[Bonus Trade]
Buy at 4300 for target 4340 with Stop 4290
Please Note: The above trade aims to buy a correction towards 4300,
which may come as part of retest of 4300 support level. Thanks.

Emini Futures Trading Analysis- 07May2021

The S&P500 futures have recovered from the sharp correction earlier this week on Tuesday, and our pre-defined long trade started at 4200 today morning, and the target of 4228 was also achieved today itself.  Above 4200, there was a fresh breakout today and it was a top quality setup for a long trade, and it delivered strong gains.This was our first trade of May month, and it was successfully completed within the same day of starting.

sp500-futures-daily-chart-analysis-07may2021

 

Emini Futures Trading Analysis- 29July2020

The S&P500 futures have been consolidating in between 3200 and 3560 for over a week now, and there is a strong resistance at 3270 level, and it has been there for a long time. Above this resistance of 3270, new long trades can come for target 3330.

SP500-futures-5hr-chart-analysis-29july2020

S&P500 futures are in strong uptrend above 3200, and Traders can stay long above 3200 for target 3250-3260, which is just below the resistance of 3270. Please exit long below 3200, because selling pressure can be high below 3200 and downside target is 3140. So, the setup is high risk currently, because we have the US Fed update coming later today, which can create sharp moves, and hit stop losses.

[Bonus Trade] Buy at 3280 for Target 3330, with Stop 3250.

Summary: Traders can stay long for Target 3260, with 3200 as Stop loss.
Be very cautious here. The setup is not safe and clear.

Emini Futures Trading Analysis- 10Feb2020

Hello Folks, the S&P500 futures are at 3336.00
Today’s Range: 3303.50 – 3341.50

The futures had a volatile weekend, and they went down till 3303 early today morning, in pre-market hours. Now at 3336, the futures are trying to move up again. But there is a strong resistance at 3350-3353 level.

There is significant uncertainty in the market coming from Coronavirus. Its still not controlled or cured, and some of the worst case scenarios of the virus spread are running into millions of patients worldwide. So the risk on global economy from Coronavirus is very real and significant.

The non-stop fall in the price of Crude Oil (below major support level of $50 per barrel) is an indication of the significant fundamental risk.

We have made 25 points in the first General Trade. So we will be cautious, and will take a new trade if a solid setup comes. We may still do Optional Trades on reasonably good setups using fewer contracts. As of now, the market looks uncertain, and 10-20 points can be gone within 10 minutes. We have no new trade as of now. Thanks.