Emini Futures Trading Analysis- 10Sep2018

Hello Folks, the S&P500 Emini Futures (ES) are currently at 2885. They have moved back above 2880, which was the breakout level two weeks back, and that’s good news because the futures become safe above 2880.

spx500-futures-daily-chart-analysis-10sep2018

The S&P500 index trend is up, and new long trades can be considered from here onwards, though high reliability long trades will come above 2900. Any long trade at these levels needs 15-20 points stop loss. There is a support at 2850, visible on the weekly charts. However, the major support is at 2800, and any sharp correction will may only stop at 2800-2810 level. So there is some downside in this market, unless bullish moves start asap. Traders must avoid longs below 2880. Today’s moves are looking positive, where the index has come back above its 20 day moving avg.

spx500-futures-weekly-chart-analysis-10sep2018

Our Emini Futures Trading Strategy is to go long above 2880. Upside targets of 2930-2950 are visible now, if 2880 level holds. Below 2880 level, major losses can come rapidly

[Bonus Trade] Buy at 2885 for Target 2900 with Stop loss 2870

Market view: Trade wars and global currency swings are a slippery slope, and sometimes, big negative events have happened in such conditions, so the market is right in being cautious, because the investors are taking risk at current higher-end market valuations and betting on stable economic conditions.

Most large corrections have been in the fall, when the chill winds of the fall season, erase the holiday cheer of the summer, and people are forced to look at the things in a clear way. So we should be careful in September and October. If these two months go without major damage, then we may see new highs on S&P500 by year end in Dec 2018. Thanks.

Emini Futures Trading Update- 27June2018

spx500-futures-daily-chart-analysis-27june2018

Hello Folks, the S&P500 Emini futures are at 2745.00
Today’s Range: 2705.50 – 2748.00

The futures defended 2700 level again today, and then moved up rapidly after the second successful testing of 2700 level. We are fortunate that 2700 stop loss was not hit, though the futures came close to it a couple of times.

Trade#5 of June 2018 has hit target of 2747 today, and this trade has given a gain of 22 points, from our buying at 2725 on Monday.

From the sharp fall of nearly 50 points on Monday to profit on Wednesday – thanks to the inherent fundamental strength of S&P500 index. We had existed the previous trade at 2784 last week, which really helped us save capital in the sharp fall on Monday.

The S&P500 trend us up, therefore our S&P500 Emini (ES) futures trading strategy is to stay long and buy on corrections nearer to strong support levels. There is no immediate trade as of now. A new long trade can be considered on closing above 2760. So we will wait and watch. Thanks.

Emini Futures Trading Update- 07Nov2017

Hello Folks, this is an early morning post on Nov 7th.
The S&P500 Emini futures at 2588.50
Today’s Range (so far): 2586.75 – 2593.50

Our Trade#2 has hit its target of 2591 in overnight trading. In fact 2593 was also hit, which was our earlier target, but 2593 is the technical edge of the resistance I am seeing for today, so that was not a bankable target. For today both 2591 and 2592 had nearly equal probability but 2591 would get us out with good profit sooner and that’s why I chose 2591 as the revised target last evening.

So we have achieved our monthly performance target of 20 points with 2 trades.
Trade#1: Long from 2573 to 2585 (+12 points)
Trade#2: Long from 2583 to 2591 (+08 points)

20 points in the current market are like 25-30 points in a market in more regular conditions with normal valuations and without several weeks of upmove behind us.

Here’s the end of day chart for Nov 7, 2017.
spx500-futures-daily-chart-analysis-07nov2017

Futures Analysis and Trading Strategy: The yellow line is the support line for the futures and they have been testing it periodically. Problem will come when this support line breaks and the futures close below it. That will increase selling pressure, and the futures will immediately want to test 2540-2550 again, but there is no major support till 2500, which is 85 points below current level. Therefore, once should avoid long trades below 2570 till things stabilize and the charts show strong buying action at a particular level. Continue reading

Emini Futures Trading Analysis- 06Oct2017

spx500-futures-weekly-chart-analysis-06oct2017

Moving Average Indicator: The S&P500 Emini futures have been consistently above the 20 week moving average, so the trend is clearly up and the market will be strongly bullish above 2500 level.

Momentum Indicator: Momentum (75) is above zero, indicating an overbought market. The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market. However the market may continue to become more overbought. Given the 45 bar new high here this is even likely. Look for some evidenced weakness before getting too bearish here. Continue reading

Emini Futures Trading Analysis- 29Sep2017

spx500-futures-weekly-chart-29sep2017

The S&P500 Emini Futures have closed at 2516 on Friday Sep 29, 2017, which is a new lifetime high for weekly closing. Following is our technical analysis of the weekly chart.

Moving Average Indicator: The market is very bullish because the fast moving average is above the slow moving average. Everything in this indicator is pointing to higher prices ahead.

Momentum Indicator: Momentum (46.50) is above zero, indicating an overbought market. The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Momentum is in bullish territory.upside move is likely. And, the market put in a 45 bar new high here. More highs are possible.

Rate of Change (ROC) Indicator: Rate of Change (1.88) is above zero, indicating an overbought market.The long term trend, based on a 45 bar moving average, is UP. The short term trend, based on a 9 bar moving average, is UP. Rate of Change is in bullish territory. And, the market put in a 45 bar new high here. More highs are possible. Continue reading