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.

spx500-futures-daily-chart-analysis-22july2019

spx500-futures-daily-chart-analysis1-22july2019

spx500-futures-5hr-chart-analysis-22july2019

spx500-futures-hourly-chart-analysis-22july2019

Emini Futures Trading Analysis- 06May2019

Hello Folks, the S&P500 Emini futures are at 2901.50
Today’s Range: 2983.75 – 2916.50

Nobody likes weekend volatility, but it’s here today morning!
The S&P500 futures fell sharply on Sunday night after US President
Donald Trump shocked investors by threatening to hike tariffs on $200
billion worth of Chinese goods, raising fears of a global slowdown and
halting a relative period of calm in the markets. The S&P500 futures fell
about 60 points overnight after the Wall Street Journal reported that
China may cancel a round of US talks this week after Trump’s comments.

In other words, volatility is back! And we can benefit from it by getting
a suitable entry point. The S&P500 is still in uptrend, and the target of
3000 is intact. Most stop losses would have hit by 2900 level. Today’s low
of 2883 is the level to watch, so the key support level currently is near
2880.

2990 level may get tested once more before futures move up and
test higher levels of 2920 level. This trade is based on that move. And we
have a stop loss 2880, given to us by market action today morning.

[Bonus Trade] Buy at 2880 for Target 2900 with Stop loss 2860.
Trade update: This trade hit target within the same day.

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 Daily Analysis- 28Jun2018

spx500-futures-daily-chart-analysis-28jun2018

Please see the above chart for S&P500 Futures Technical Analysis. We have plotted 3 support lines. The S&P500 has about 30 points downside more till 2670, where there is strong support, and from there, the S&P500 Emini Futures (ES) should bounce back nicely till 2740. Our Emini Futures Trading Strategy is to buy on corrections because the uptrend is intact above 2500.

[Bonus Trade] Buy at 2675 for Target 2635 with Stop loss 2660.
This bonus trade can give 60 points gain with 15 points stop loss.