Hello Folks, the S&P500 Emini futures are at 2342.25
It has taken longer to complete my analysis, because the futures have closed at a critical stage, from where the direction can change from long bias to short bias. Such critical levels involve days with 20 point swings on daily basis, which we saw this week.
Summary of my Emini futures analysis is this:
We should be long above 2330, and we should be short below 2330.
This is a slightly long mail but please read it carefully.
The long trade, which started in Nov 2016 (Trump rally) maybe coming to an end now in March 2016, unless futures bounce back above 2360 with a emphatic 20-30 point upmove to close above 2360. Continue reading