The S&P500 Emini Futures have been trading below their trend line for the last several weeks, and their recent attempt to break out above the trendline (at 4780 level) failed during end-Dec 2021 and early Jan 2022.
S&P500 Futures Resistance Levels are at 4720 and 4780. Above 4720 closing, 4800 target become on again.
S&P500 Futures Support Levels are at 4650 and 4600, and these levels can be used for buying for 30-50 point gains. However, a clean long trade will come above 4700.
Buy at 4720 for Target 4780 with Stop 4690.
Please see this image for S&P500 futures daily chart analysis.
S&P500 Futures have been facing major resistance at 4700 level and have not been able to stay above 4720 for much time, and have been facing major selling pressure above 4700-4720 level, which is now the main Resistance Level. Because this level has become such a big resistance for a long time, whenever it breaks, there will be at least 100-150 point upside rally till 4850 level. A closing above 4720 can be considered a decisive breakout, with target 4830. That upmove can be rapid.
On the lower side, 4500 level is a strong support, and it will present a good buying opportunity. For now, we have to remain cautious again, and see if 4600 support level holds. There is no clean or safe trade in the current market, and we will do a fresh analysis tomorrow. Thanks.
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.
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.
The S&P500 futures are currently at 4171.
A large correction is taking place, wiping out yesterday’s market recovery. There is no General Trade currently till conditions stabilize and the futures move above 4200..
Support levels are visible at 4150 and 4170.
Resistance levels are visible at 4200 and 4230.
“Buy at 4170 for Target 4190 with Stop 4160.”
Please Note: This is suitable for large traders who are regularly trading with 10+ contracts, using 2-3 contracts in this Optional Trade. This trade aims to use the likely recovery in prices after today’s selling. The futures are at one of the support levels, so we can buy a small position. Thanks.
The S&P500 futures are currently at 4104. They have been facing high volatility in last 2 weeks, after hitting a high of 4230. Even now, there is no clear trade.But the setup is suitable for long trades only, but we need some stability to come, which will happen above 4130. The momentum indicator (CCI) is showing recovery, and above 4130, the setup should become good for a long trade from 4130 to 4180. The S&P500 is not really breaking down despite a series of red days, and many of the short traders have faced stop losses in the 20-50 point reversal spikes that are coming daily.
[Bonus Trade] Buy at 4130 for Target 4160 with Stop 4100