Tag Archives: sp500 futures trading

Emini Futures Trading Analysis- 10Oct2018

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Here’s the closing chart of today, with S&P500 futures down more than 100 points down! We were fortunate to have avoided this large fall today. We will be looking for a suitable buying opportunity once market stabilizes.

spx500-futures-daily-chart-analysis-10oct2018-100pts-down

Traders should be careful with #SP500 below 2880 (as mentioned in previous posts). The large correction of today started below 2880. The uptrend is still intact, above 2800, but the setup is not safe/ready for a new long trade.

spx500-futures-daily-chart-analysis-10oct2018

We had a long trade, which hit stop loss at 2920, and we have been out of the market since then because short term weakness was visible, while long term uptrend is still intact.

2828 is the 100 day moving average, and it should provide support for a short term bounce back to 2850-2860. Any reliable long trade will come above 2880. The S&P500 is down 63 points and most of the long positions have broken down today with stop losses.

Emini Futures Trading Analysis- 09Oct2018

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spx500-futures-daily-chart-analysis-09oct2018

The S&P500 Emini futures are at 2889.00
Today’s Range: 2874.50 – 2900.00

The futures are testing 2880 level again today, and it also now coincides with the 50 day moving average. Please see the chart. The futures have made a higher high and higher low today, compared to yesterday, which is positive. The futures must close above the 50 day moving average, otherwise downside risk increases rapidly over next 2-3 days.

There is no trade as of now, but today is important and futures must close around 2890 for a chance for upmove by eod Friday. Closing below 2885 will be bearish in the near term, and this is October month – so we need to be extra cautious.
The futures have some work to do here at 2888, and they have to move up above 2900. A suitable long trade in the current market may come at/above 2900, with target 2930, and 2880 as stop loss. Thanks.

Emini Futures Trading Analysis- 11Sep2018

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spx500-futures-daily-chart-analysis-11sep2018

The S&P500 Emini futures (ES) are currently at 2879, and the day low was 2867.50
Our Emini Futures Trading Strategy is to stay long above 2880 with stop loss 2860 for upside targets of 2930-2950. It is important for the futures to close above 2880, because there is a strong resistance at that level, and it was also the breakout level. A failure to cross 2880 will make it a double top at 2880 – with one top is Jan 2018 and the second top in Sep 2018, which has major implications, with downside targets of 2400-2500 level. Therefore, traders have to be very cautious at the current level, because we are dealing with a major top here and it can make or break the market in the coming days.

Emini Futures Trading Update- 11Apr2018

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Hello Folks, the S&P500 Emini futures are at 2653.00
Today’s Range: 2626.00 – 2661.25

The futures have been volatile so far this week, moving up down 30-40 points rapidly, and such moves will break any trading set up. So our decision to wait and watch is proving right as of now.

The futures are back above 2650 currently after an intraday fall to 2626, which is a positive sign. They have been testing 2630-2640 support level everyday this week, and if that testing is completed successfully, we can see an upmove to 2680-2700. Reliable trades will be possible above 2680.

In the last few weeks, the S&P500 has been facing sharp knee jerk selling of 30-40 points suddenly during the day, or after market hours. That is not a regular feature, so we have to wait for some more time for the S&P500 to give a double confirmation on the upmove. The down move is mostly locked out at 2600, which is also the 200 day SMA. Continue reading →

Emini Futures Trading Update- 09Apr2018

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Hello Folks, the S&P500 Emini futures are at 2650.50
Today’s Range: 2609.25 – 2651.25

We have let the futures stabilize over the last 1 week, and the daily volatility has reduced a bit from Mach last week, after repeated successive testing of 2600 level, which is the 200 Day SMA and EMA. So the futures are safe currently, but the set up is not yet strong enough for a general trade. The setup will become strong above 2700, where we can do trades with 20 point stop loss with more reliability. Currently 20 point stop loss can be hit despite getting market direction right.

Traders with 5-10 contracts:
Here’s a new optional trade that can be done with 1-2 contracts.
“Buy at 2630 for Target 2680 with Stop loss 2600”
This trade will trigger if there is a 20 point pullback.
As mentioned earlier, 2600 is the absolute stop loss, and we can stay long above it with a few contracts.

So far all buying after every sharp fall at/below 2600 has rewarded with a reversal to 2650. So it looks like the S&P500 is repairing the damage caused in Feb-March. Upside target of 2850-2900 is intact. Thanks.