Tag Archives: 2800

Emini Futures Trading Analysis- 11Mar2020

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spx500-futures-daily-chart-analysis-11mar2020

The S&P500 futures have closed at 2741, down 4.50% for the day, and wiping out all the gains of yesterday. The selling pressure is relentless and even small gains during the day are meeting aggressive selling. The futures are now 330 points below the 200 day moving average, which is a lot of damage.

Our S&P500 Emini Futures Trading Strategy is to wait for this intense high volatility to subside, and for the futures to show a couple of green days, not like one green day followed by deep red day! Clean trades with low volatility will be available above 3060.

There is also a recovery trade of 250 points from 2800 to 3050, with 2700 as Stop loss.

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- 27Feb2020

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Hello Folks, the S&P500 futures are at 2937.00
The futures have lost 400 points or nearly 12% in last 6 days.
Its like a free fall, which I have not seen in the last 20 years.

This was my mail last Friday, Feb 21, when the futures were at 3339.
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“Just fyi, the major support is currently at 3320, and that’s also our absolute stop loss for any long trade, because below 3320, the uptrend will break, and volatility will spike up, so we will just step aside below 3320.”
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This has played out exactly as expected, but the magnitude of this correction is mind numbing. Nothing in my analysis or trading systems could predict this sharp one-way downmove of 400 points, along with a few 50-80 point pullbacks along the way, to close most of the short positions too. Continue reading →

Emini Futures Trading Analysis- 15Sep2019

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Hello Folks, the S&P500 Emini futures are currently at 3008, as of closing on Friday. The main event for the coming week is the US Fed interest rate announcement and economic outlook. The next main move will happen after that. There is a large supply disruption in crude oil due to accident in Saudi Arabia, but it is not likely to impact the S&P500 much as of now.

The S&P500 index trend is up, and we should be looking to take only long trades. The above chart shows the key support and resistance levels for S&P500 Emini futures.2960 should be the stop loss for all long positions and we can see sharp correction below 2960.

Emini Futures Trading Update- 30Aug2019

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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 →