Emini Futures Trading Analysis- 23Oct2020


S&P500 Futures Technical Analysis: S&P500 futures are near 3450 currently, and they are facing resistance at 3450, which is the downtrend resistance line. There will be a clear breakout above 3470.

S&P500 Futures Trading Strategy: Stay long above 3400 for targets 3500-3530. Use corrections between 3400-3430 for buying to sell at 3450-3470 levels. Fresh long positions can be added above 3470 for targets 3500-3530.

[Bonus Trade]
Buy at 3470 for Target 3500 with Stop 3450.

Emini Futures Trading 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.