Category Archives: Emini Futures Trading Strategy

Emini Futures Trading Analysis- 22Oct2020

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SP500-futures-daily-chart-analysis-22oct2020

S&P500 Futures Technical Analysis is that the the futures have strong support at 3400 level, and we can stay long above 3400 for retest of 3500 level next week.

Below 3400, the next support is between 3320-3330 level, which is the major support level that has provided support in the recent past too. But the volatility coming from US Elections on Nov 3rd will make it very difficult to manage trading positions. It is better to have fewer positions with wider stops.

Despite the recent correction over last 8 days, the S$P500 futures trend is still up. Traders should aim to stay long above 3400.

[Bonus Trade]
Buy at 3423 for Target 3480 with Stop loss 3400.

Emini Futures Trading Analysis- 03Sep2020

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SP500-futures-daily-chart-analysis-03Sep2020

The S&P500 futures have suffered a large one-day correction today, with day high at 3584, and day low at 3424. Today’s fall has decisively broken the recent parabolic uptrend (curve line marked in the above chart).

The uptrend support trenline is coming at 3350 level, which is still about 90 points below current market rate. Now, the futures will surely need to test 3350 before getting any reliable or durable recovery. Below 3350, fresh breakdown will happen, and the next proper support is coming at 3200 level, which would be further 150 points below, or 240 points below current level.

The S&P500 futures will try to bounce back over next 1-2 days towards 3460-3480 and that rise can be used for selling, by exiting longs or initialing short positions. The futures will find it difficult to cross 3500, so that’s should be the stop loss for any short trades.

[Bonus Trade]
Sell at 3460 for Target 3350 with Stop loss 3500.

Update: The above trade started and completed within one day on Sep 4th!

Emini Futures Trading Analysis- 10Aug2020

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Hello Folks, the S&P500 futures are currently at 3350.
The futures are in uptrend currently and 3400 (new high) is the target.
Major trend line resistance coming at around 3500, which is much higher.
However, 3400 will also create selling pressure.
Please see the attached the daily chart analysis of S&P500 futures.

sp500-futures-daily-chart-analysis-09aug2020

The S&P500 futures made an upmove/breakout above 3280 till 3330 exactly as we expected, giving 50 points gain.

Previous Optional Trade hit target at 3330 and gave 50 points gain.
“Buy at 3280 for Target 3330 with Stop loss 3250”

Here is a new Optional Trade.
“Buy at 3350 for Target 3380 with Stop loss 3320”
This trade can also be done with Emini Micros or CFDs. Thanks.

Traders should take profits regularly, and stay long above 3300 for Target 3400 and 3500.

Absolute stop loss for all long trades is 3200, which is 150 points below.In case of major correction, the futures may fall back to their 200 DMA near 3030. We can buy on corrections, and stay long above 3200 for target 3400.

The immediate long trade is from 3330 to 3400. There is a chance that the futures may correct back to 3300 on profit taking and they make a fresh attempt to 3400. The volatility is still high to do a General Trade with full capital. In current conditions, we can only do trades with a small part of our capital and aim for 30-50 points on those trades. Thanks.

Emini Futures Trading Analysis- 29July2020

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The S&P500 futures have been consolidating in between 3200 and 3560 for over a week now, and there is a strong resistance at 3270 level, and it has been there for a long time. Above this resistance of 3270, new long trades can come for target 3330.

SP500-futures-5hr-chart-analysis-29july2020

S&P500 futures are in strong uptrend above 3200, and Traders can stay long above 3200 for target 3250-3260, which is just below the resistance of 3270. Please exit long below 3200, because selling pressure can be high below 3200 and downside target is 3140. So, the setup is high risk currently, because we have the US Fed update coming later today, which can create sharp moves, and hit stop losses.

[Bonus Trade] Buy at 3280 for Target 3330, with Stop 3250.

Summary: Traders can stay long for Target 3260, with 3200 as Stop loss.
Be very cautious here. The setup is not safe and clear.

Emini Futures Trading Analysis- 12June2020

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sp500-futures-30min-chart-analysis-12jun2020
Hello Folks, the S&P500 futures are 3048.50
Today’s Range: 3003.50 – 3087.25

The futures had a 230+ point cut in the last 48 hours, falling from 3230 to 2996. In hindsight, our target of 3230 on the General Trade turned out to be the market top, and we were fortunate with that, and even on the next Optional Trade, which also completed successfully.

The following Optional Trade (for Traders with 10+ contracts) was completed successfully with 24 points gain before weakness started creeping in on Wednesday, 10th June.
“Buy 1-2 contracts at 3196 for Target 3220 with Stop loss 3180”

Now, the volatility is high, and we don’t have a General Trade. But we are seeing upside of 3175-3180 currently, though it will be tricky to capture.

[Bonus Trade] Suitable for larger traders with a small part of capital.
“Buy at 3050 for Target 3175 with Stop loss 3000”

Market Notes and Analysis:
As indicated in previous mails, the S&P500 futures have a major resistance at 3250and we need a monthly closing above 3250 for this resistance to be taken out. The S&P500 futures tried to do that in Jan-Feb 2020 but could not succeed, and faced a big penalty for failure to cross that key hurdle.

In addition, the overall Total Equity Put/Call ratio was at an extreme low by Wednesday, 10th June, which indicated significantly one-sided bullish bets piling up in the system, which would not make it easy to cross the 3250 resistance. So, the meltdown of yesterday was very much a technical correction, and its also aimed to test the support at 3000 level.

Overall, traders have to be cautious at current levels and wait for confirmation that 3000 level (200 DMA is 3020) is getting defended, because the real big selling pressure will come below 3000. Thanks.