Tag Archives: 3000

Emini Futures Trading Analysis- 08Oct2019

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spx500-futures-daily-chart-analysis-08oct2019

S&P500 Futures are currently at 2904, down 32 points or 1.1 percent.  It is normal for the futures to come down to retest key levels before going up, so today’s correction is not alarming, unless 2880 also breaks today itself.

According to our S&P500 Futures Technical Analysis, there are multiple supports between 2860 and 2880 levels, so the futures should find support between these levels and bounce back to retest 2950-2960 levels in the coming week.

Our Emini Futures Trading Strategy is to buy this correction while the support levels are holding up. So we will use 2860 as the stop loss. This will be a tactical trade, so traders should not load large capital here, max 50% of their usual allocation. The clean long trades will come above 2980, which is 80 points above current level.

[Bonus Trade] Buy at 2880 for Target 2900 with Stop loss 2660.

Emini Futures Trading Analysis- 30Sep2019

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Hello Folks, the S&P500 Futures are currently at 2983. This is a complex congestion zone between 2950 and 2980, where the futures are trying to form a base for upmove above 3000 but they have been failing to do that.

Our S&P500 Futures Trading Strategy is to stay long above 2980 for target 3080, with 2960 as the stop. Given the red candle of last week, there is weakness which needs decisive confrontation and that will be possible by two daily closings above 3000.

spx500-futures-daily-chart-analysis1-30sep2019spx500-futures-daily-chart-analysis2-30sep2019

spx500-futures-hourly-chart-analysis-30sep2019

spx500-futures-hourly-chart-analysis1-30sep2019

The 200 SMA line on the hourly chart is at 2990, which is the current main resistance level. So the futures will continue to face resistance between 2990-3000 level, like last week. Only above 3000, we will see better buying strength.

[Bonus Trade] Buy at 3000 for Target 3023 with Stop loss 2980.

Please Note: Below 2960, downsides will open up all the way down till 2900 and 2880 level. So 2960 should be the absolute stop loss for all long positions in S&P500 Futures.

Emini Futures Trading Analysis- 18Sep2019

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spx500-futures-daily-chart-analysis-18sep2019

The S&P500 Emini futures are currently at 3002, and today and tomorrow will see higher volatility after the announcements by the US Fed on their latest interest rate policy and economic outlook. The market has already priced in 25 basis points (0.25 percent) rate cut.

There are two scenarios for S&P500 movement over next 24 hours (eod today and tomorrow). (a) If the rate cut does come at 25 bps, then there is a chance of profit taking after the US Fed announcement, which can take the futures back to their support level of 2960. (b) If the rate cut does not come, then 2960 will surely be tested and maybe also a lower level like 2900-2920. So in both scenarios, there maybe some price correction. Therefore, Traders should keep light positions to avoid whipsaw moves that can hit stop loss on both upside and downside.

If there is something in the Fed announcement, which indicates increasing strength in the US economy, then market can move up. A clear long trade is possible above 3033.

[Bonus Trade]
Buy at 3033 for Target 3063 with Stop loss 3013

At the current level, both long and short trades can create profits. Any sell trade should be attempted below 2960, which currently a strong support for S&P500 futures.

 

Emini Futures Trading Analysis- 15Sep2019

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spx500-futures-daily-chart-analysis-15sep2019

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 Analysis- 10Sep2019

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Hello Folks, the S&P500 Emini futures are at 2973 currently, and they have been consolidating after their breakout above 2940, which was a key resistance level. So we will surely see further upmove in coming days. Traders should stay long above 2940 for Target 3000 and 3015. We should see at least one testing of 3000 level in Sep 2019.

spx500-futures-daily-chart-analysis-10sep2019

Update, 11Sep2019: As expected and mentioned above, the S&P500 Emini futures have hit 3000 within this September month, on Sep 11, 2019, and within 30 hours of this post on Sep10, 2019. More upside is possible based on supportive macro data and US Fed announcements. There is a strong resistance at 3030, which needs to be crossed for next leg of upmove to 3070-3080. Thanks.