Category Archives: Bonus Trades

Emini Futures Trading Analysis- 28Feb2020

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spx500-futures-daily-chart-analysis4-28feb2020

Hello Folks, the S&P500 futures have closed at 2989.25
Today’s Range: 2854.50 – 2995.50

It was another wild day in the market, and 2850 level got tested intraday.
Just last week, the futures hit 3395 (nearly 3400) and to see 2850 level
was almost unreal experience, with 550 points fall in 1 week.

But today’s closing on both S&P500 Emini futures (ES) and Nasdaq Emini
futures (NQ) is encouraging. Its the first time in last 8 days that the
futures showed some strength, and today’s price action by end of the day
was very good. I almost forgot that the futures can move up with strength,
because for last one week, the futures were unable to break out of even
minor intraday negative patterns, which the futures usually take out in
within 1-2 attempts. By end of today, the futures have shown strength.

The immediate upside target for S&P500 futures is 3050-3060, which is the
200 day simple moving average (SMA), but its difficult to create a trade
with a Stop loss, because the futures can fall 50-100 points and then go
up. The only tested support currently is 2850, which is 140 points below,
very far away. And 20-30 point stop loss won’t work in current market.

There are a couple of Optional Trades that I am evaluating.
(a) Buy at 3010 for Target 3060 with Stop loss 2950
(b) Buy at 2970 for Target 3060 with Stop loss 2920

I will try to construct an Optional Trade and share with you by tomorrow
evening, after completing my market analysis. Thanks. Continue reading →

Emini Futures Trading Analysis- 21Feb2020

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Hello Folks, the S&P500 futures are at 3357.25
Today’s Range (so far): 3345.00 – 3369.00

S&P500 Futures Technical Analysis: The futures are trying to find support below 3350 and have bounced back from 3345 early today morning, and the momentum indicators reversing from lower levels, which is a positive sign. At the same time, the futures are facing resistance at 3360. The futures are likely to go up and retest 3375-3380, where there is major resistance. So, we can use this fact to get back into long trade in a small way, because we have already exited at 3380 in the previous trade.

spx500-futures-hourly-chart-analysis1-21feb2020

Our S&P500 Futures Trading Strategy is to stay long above 3340, which is was the reversal point yesterday. So we will continue to buy the corrections, which has worked successfully in the entire uptrend since Oct 2019. The absolute stop loss on all long trades is 3320, below which the uptrend will break. The next major target is 3420, which is still on. Continue reading →

Emini Futures Trading Analysis- 13Feb2020

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Hello Folks, the S&P500 futures are at 3380.00
The futures corrected sharply from 3380 last evening, and tested 3350
early today morning, and have bounced back to 3380. This is bullish.

These moves are not reliable trade setups, because key resistance levels
are being tested, and 10-15 point stop loss can be gone rapidly.

[Bonus Trade]
“Buy at 3368 for Target 3380 with Stop loss 3360”
The above trade has 12 points gain with 8 points risk.

We will wait for better setups for doing General or Optional Trades. Thanks.

Emini Futures Trading Analysis- 06Feb2020

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Hello Folks, the S&P500 futures are at 3343.00
Today’s Range: 3322.25 – 3357.00
The futures broke out of the 3330-3340 resistance zone last evening, during after market hours, and raced up till 3357.

“But the uptrend is also in good momentum, and we have target of 3350-3360”
— The above target came during after market hours, and a few active traders could use it for making fresh gains. In our own trading accounts, 3353 target got executed but orders placed at 3358 got missed by a point.

Optional Trade update:
“Buy at 3333 for Target 3353 with Stop loss 3213.”

The above trade given yesterday after market hours, did not execute at 3333 yesterday evening, because the futures were moving around 3335, and then took off for 20 point upmove to 3355, within 5-10 minutes of my mail. In other words, by the time the trade was visible to us, it also became visible to many other traders and trading algorithms! A few nimble traders were able to buy during this upmove between 3335-3340 and sell at 3353, with 10-15 points gain.

If you have bought at 3333 today morning with limit buy order, then please exit at current price of 3343, with 10 points gain, because this is not the same trade of yesterday, because the 3353 target has already been hit. We have no new trade as of now, and will mail you again later with market analysis. Thanks.

Emini Futures Trading Analysis- 04Feb2020

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spx500-futures-daily-chart-analysis1-04feb2020

Hello Folks, the S&P500 futures are at 3285.00
Today’s Range (so far): 3236.50 – 3289.50

The futures have crossed 3280 in pre-market trading, while the S&P500
index closed at 3248 yesterday. So nearly 40 points have been added in
overnight and pre-market trading, which is very rare. So the sharp
corrections are being met with equally sharp rally, which is positive sign
for the market.

S&P500 Futures Technical Analysis
The key support level is 3280. Above 3280, safety starts.
Above 3300, new long trades can be done for target 3320 and 3330.

[Bonus Trade]
Buy at 3290 for Target 3320 with Stop loss 3270.
Trade update: The above trade was completed on 05Feb2020, within 24 hours.

Notes:

  • The main point that’s visible now, is that the way the futures have recovered from hitting a low of 3213, and testing 3230 couple of times, back above 3280 – that’s a
    bullish pattern. Our Emini Futures Trading Strategy is to stay long above 3280.
  • The futures have tested 3250 and 3230 level successfully and have moved up
    – all in one day. That indicates buying strength. Some of the damage done
    on Friday has been corrected now, and some more will get corrected if the
    futures start trading above 3300. Thanks.