Emini Futures Trading Analysis- 15Sep2019

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Hello Folks, the S&P500 Emini futures are currently at 3008, as of closing on Friday. The main event for the coming week is the US Fed interest rate announcement and economic outlook. The next main move will happen after that. There is a large supply disruption in crude oil due to accident in Saudi Arabia, but it is not likely to impact the S&P500 much as of now.

The S&P500 index trend is up, and we should be looking to take only long trades. The above chart shows the key support and resistance levels for S&P500 Emini futures.2960 should be the stop loss for all long positions and we can see sharp correction below 2960.

Emini Futures Trading Analysis- 05Sep2019

Hello Folks, the S&P500 futures are currently at 2980.00
The futures have finally broken out of their month long range today!
The day high so far is 2986. They may retest 2973 during the day.

Our standing trade has been to buy at 2900 for target 2930 with stop 2800.
This trade triggered once again earlier this week, and also closed
successfully, giving 30 points gains in that default/standing trade, which we will take as Trade#1 of Sep2019.

The trend is clearly up after the latest breakout today, and our Emini Futures Trading Strategy for Sep 2019 is to stay long above 2950. There is a good chance of hitting 3000 by end September, as a result of the successful breakout. So we will aim to take up another long trade above 2970 for target 3000. The exact trade has been sent out to the Trading Group.

Please Note: Unless otherwise stated, all trades are with 5 Micros, or half Emini contract. This size looks good for capturing the market opportunities with enough gains, while reducing market risk per position into half compared to the Emini futures contract. Thanks.

Emini Futures Trading Update- 30Aug2019

Hello Folks, the S&P500 futures are currently at 2945.00
The futures are currently trying to break out of their month long range.
The reliable target after successful breakout above 2940 is 3000.

What a volatile month this August has been!
August 2019 has created in the S&P500 records as the month with highest volatility on daily basis. We have had almost every day with at least 1% move between day high and low, and many times much more than that.

Our trading strategy of buying after the quick sharp corrections after Trump tweets has given gains this month. The S&P500 is safe above 2800, which is currently the 200 day moving average, and it did not break 2800 in entire August month despite high volatility on day to day basis, and the large 100 point fall on 5th August, with open at 2930 and close at 2830, which was followed by a test of 2780 level and the 200 day moving average at 2800 level. Those tests were successful and the futures moved up again, the same week! Continue reading →

Emini Futures Trading Analysis- 22July2019

Hello Folks, the S&P500 futures are currently at 2989.00
Today’s Range: 2974.75 – 2993.25

The futures closed below their 20 day SMA on Friday, 19th July, which created a short term weakness, but the futures have shown some strength today by closing back above their 20 day SMA. This kind of turnaround on the 20 day SMA does not unusually happen so fast. So we want to be very alert at current levels.

The futures have been giving divergent signals since last few days, and any new long trade can be considered above 3000 only. At the current level of 2989, there is a 50-50 chance of retest of 2950 level.

So, this is a zone of caution, as the market can move in either way by 40-50 points rapidly. If the futures start going down, then 2930 is the downside target, which also aligns with a head and shoulder pattern that would be developing below 2770.

The S&P500 trend is still clearly up, so any weakness here is more likely to be a short term weakness, which will reverse by September 2019.

Trade updates:
Trade#4 of July 2019 (target hit on 15th July)
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Buy at 2970, Target 3020, Stop loss 2980 (trailing stop loss)
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As of now, there are no new trades. If we get a correction here, then we will have to be cautious for next 3-4 weeks. We will mail you with more notes tomorrow. Thanks.

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Emini Futures Trading Update- 11Jun2019

The Emini S&P500 Futures are showing correction since yesterday, 10th June 2019, and it has to be expected after such a good recovery rally last week, from the low levels of 2730 to 2900, covering 170 points in 1 week, which would make it one of the fastest rallies ever! The S&P500 lost 230 points in 1 months, and gained 170 points in 1 week. This is the sign of a bullish market, and our aim should be to go long on various corrections.

Our S&P500 Trading Strategy is to buy around 2850 for Target 2950-3000 with Stop loss 2800. All longs should be closed below 2800, and they should be reopened above 2810-2820. The upside target for year 2019 is 3000, and it has not changed since Jan 2019, when the futures were near 2530.

Currently, profit taking is happening, and we should wait before doing fresh buying.

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