Emini Futures Trading Analysis- 19May2017


Market Trend: The futures tested the support level of 2340-2350 this past week, and bounced back from there. If the futures move up above 2383, then higher levels can come in the next 10 days. The futures will become bearish below 2380. So it is a very thin line between bullishness and bearishness in the coming week. A retest of 2360 level is likely, and another retest of 2350 level is also possible, though it is less likely as of now.  The upside targets are visible in the range of 2420-2430. For the immediate term, the key level to defend is 2380. Strong supports are visible at 2250 on the weekly charts, so if you see 2250 for any reason, you can create fresh long positions at 2250 for for a retest of 2280-2290, before any major downside opens.

[Bonus Trade] Traders can go long at 2380 for Target 2420 with Stop loss 2350.

Technical Analysis of S&P500 Emini Futures Weekly Chart

Moving Average Indicator: Price is above the moving average so the trend is up. The market is bullish. However, recently the market has been extremely bullish, however currently the market has lost a some of its bullishness Its possible that we may see a market pullback here. In such a case, the pullback will be a good buying opportunity.

Commodity Channel Index (CCI) Indicator: CCI (70.48) is in neutral territory. A signal is generated only when the CCI crosses above or below the neutral center region. CCI often misses the early part of a new move because of the large amount of time spent out of the market in the neutral region. Initiating signals when CCI crosses zero, rather than waiting for CCI to cross out of the neutral region can often help overcome this. Given this interpretation, CCI (70.48) is currently long. The current long position position will be reversed when the CCI crosses below zero. The market just signaled a bearish key reversal off a 9 bar new high, suggesting closing any long positions here. Continue reading

Emini Futures Trading Analysis- 28Apr2017


Trend: The S&P500 index futures are currently bullish, but with a clear resistance at 2400 level, which is just 20 points above the current 2080 level. The weekly chart is pointing to higher prices in the coming months, though we may see some correction in the near term due to the sharp run up in the last few days. The futures appear overbought, but may continue to become more overbought before reversing. Traders should look for some price weakness before taking any bearish positions.

Levels: There is a good buying support at 2330 level. The futures will remain bullish as long as they are trading above 2300 level. Upside targets of 2400 were visible to us even when futures were at 2330 level. The futures are currently in uptrend, but now we are close to the ceiling/upper limit. There is a strong resistance at 2400 level. This 2400 level was our target when futures were down at 2330, and there will be selling pressure near 2400 level. The futures need to close above 2410 for the next leg of upmove. The futures will face increased selling pressure below 2380 and 2360 level can be tested again. From 2380 level, there is a 50-50 chance of going down to 2350 or going above 2400. Therefore, we can only do optional/tactical trades till we get clarity on the direction. The big target of 2500 is intact for this year, so we will go long at suitable times.

Bonus Trades:
(a) Traders can take long positions above 2410 for Target 2440 with 2390 as Stop loss. This trade would offer 30 points gain with 20 points risk.
(b) Traders can take short positions below 2300 for Target 2250 with 2320 as Stop loss. This trade would offer 50 points gain with 20 points risk. Continue reading

Emini Futures Trading Update- 20Feb2017

Hello Folks, the S&P500 Emini futures are at 2352.50
Today’s Range: 2346.00 – 2356.75

The S&P500 Emini futures are showing signs of fatigue after recent rally.
We may see 2340 again for testing that support level, which was tested 2-3
times last week.

The following optional/tactical trade given on Friday, 17 Feb 2017, has
hit its target of 2354 today, giving 10 points gain.
Traders with 5-10 contracts: Here is a new optional/tactical trade.
“Buy Emini Futures at 2344 for Target 2354 with Stop loss 2336.”
This trade can be done with 1-2 contracts.

Traders with 1-2 contracts: Please wait for suitable trade set up. The buy
signal that appeared on Friday at 2343 gave 13 points (from 2434 to 2356),
and its already looking weak. So I am waiting for a suitable buy signal
with 15-20 point upside, so that we can get 10-12 points from it. I will
mail you again tomorrow around market start. Thanks.

Emini Futures Trading Analysis- 08Feb2017


Summary: Once the S&P500 Emini futures start moving above 2292, it means that the support at 2280 has got tested successfully in the last 2-3 days, and the futures have absorbed the selling pressure that was coming around 2290 level. Therefore a new long trade can be taken above 2292.

Bonus Trade:
Buy Emini Futures at/above 2292 with Target 2305 and Stop loss 2280.
The same trade has also been given as an optional trade to our subscribers. Continue reading

Emini Futures Trading Update- 03Jan2017

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!