Tag Archives: 3100

Emini Futures Trading Analysis- 04Dec2019

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spx500-futures-daily-chart-analysis-04dec2019

Hello Folks, the S&P500 futures are currently at 3116.00
Today’s Range (so far): 3081.75 – 3117.25

The futures have recovered more than 40 points from their low yesterday at 3070, and they also have successfully tested the key support level of 3070-3075 yesterday. But we may see one more testing of the 3080 support level, before any real upmove again, because it is very important to be sure that this 3070-3080 support level is intact.

If 3070 support holds, then the futures bounce back above 3100 rapidly, and the next major target is 3180, with major resistance at 3140. So all long trades should be closed around 3140, and one can start new long trades above 3155-3160 to be sure that that the 3140 resistance level has been taken out. Continue reading →

Emini Futures Trading Analysis- 22Nov2019

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The S&P500 Emini Futures are currently at 3107, and they are now just above the 10 day moving avg, which is very important support line for short term movements, especially after a rally like we have got in Oct-Nov 2019.  The momentum indicator (CCI) is moving downwards, which is negative for uptrend.

Yesterday’s high was 3114, so the futures will gain strength above 3114. Traders should start any fresh long positions only above 3115, because the current zone is not giving any clear signal for the long side trades. If anything, the downside signals are accumulating.

The futures must hold above 3080 for the long trade to sustain, with closing above 3100 being a valuable safety net, because 20-25 points get cut in 10 minutes once the futures start trading below 3100. So traders must be very alert and cautious at current levels. Ideally, the position size must be small/reduced, and the same is being done all large traders and commercial traders.

The S&P500 trend is clearly up and we must only think of long trades. Our S&P500 Emini Futures Trading Strategy is to stay long above 3080 for target 3120 and 3130. We are seeing a major resistance at 3140, so a fresh long trade will be considered above 3150 level, for target 3200.

Emini Futures Trading Analysis- 21Nov2019

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spx500-futures-daily-chart-analysis-21nov2019

The S&P500 futures today at 3103.90, after an intraday correction till 3091.70, and recovery from there to close above 3100. This indicates buying strength because the futures were able to pull back up and close above 3100.

As described in the above chart, the main support is at 3075-3080 level, and the futures bounced back from that level several times before making the upmove above 3100. Below 3070, the futures will face major selling pressure and immediate downside target of 3010-3000 level.

The S&P500 trend is clearly up and we must only think of long trades. Our S&P500 Emini Futures Trading Strategy is to stay long above 3080 for target 3120 and 3130.

[Bonus Trade] We are seeing a major resistance at 3140, so a fresh long trade will be possible above 3150 level, for target 3200.

Emini Futures Trading Analysis- 19Nov2019

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The S&P500 Emini futures are currently at 3131 in pre-market trading, up 10 points from yesterday’s closing of 3121.

Yesterday (Monday) was looking like a bearish setup during the day but the S&P500 Emini futures pulled up into green by the end of the day, and created a doji like candle, which indicated that the selling pressure was met with equal buying demand. Today’s pre-market upmove to 3131 indicates that we have some more bullish upmove potential, till 3150. However, if the futures start trading below 3110, which is below the low of yesterday, then selling pressure can increase rapidly and 3080 can be retested by end of Friday. So the market range is from 3080 to 3150.

[Bonus Trade] Buy at 3122 for Target 3145 with Stop loss 3110.
Yesterday’s low was 3111.25, so 3110 is a very suitable stop loss for this trade.

The weekly chart S&P500 futures is showing stalling of momentum, which indicates that we are probably near the top end of this rally now, and we may see a red weekly candle within the next 1-2 weeks, if not this week itself.

spx500-futures-weekly-chart-analysis-19nov2019

The daily chart of S&P500 futuresis showing reducing momentum in the latest part of this rally, compared to previous rally, so that is an indication of stalling in the price upmove in the near future, maybe in 3-5 days.

spx500-futures-daily-chart-analysis-19nov2019

The hourly chart of S&P500 futures is showing strong momentum, which is supporting the current upmove from 3100 to 3131. But this hourly momentum can rapidly swing to downside once any strong selling comes, so we have to give more important to daily and weekly charts for understanding the market trend. The hourly chart will help us take a few tactical trades. For example, a long trade from 3100 to 3130 has been completed.

spx500-futures-hourly-chart-analysis-19nov2019

Emini Futures Trading Analysis- 13Nov2019

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The S&P500 Futures are currently at 3094.
They have been testing the support at 3080 level for last 5 days.
The futures went down today again till 3075 and bounced back to 3090.

The futures have defended 3070 level 3 times in last one week.
So the support is between 3070-3080 level.
And 3070 should be the stop loss on all long trades, even on intraday basis.

Our Emini Futures Trading Strategy is to stay long above 3070.
The target for the next upmove is 3125. We will increase long positions above 3100.

The following daily chart of the S&P500 futures shows how the recent upmove has been carrying forward smoothly above the 10 day SMA (simple moving avg). Therefore, a closing below the 10 day SMA, which is currently at 3077 is the stop loss for all long trades.

spx500-futures-daily-chart-analysis-13nov2019

Once 10 day SMA breaks, the futures can move down rapidly to test 3000-3010 level.
Below 3070, the next major support is 3000, which becomes the target for the downside.

Here are two tactical trades that can be done by active and alert traders.
[Bonus Trade#1] Buy at 3090 for Target 3120 with Stop loss 3075.
[Bonus Trade#2] Sell at 3070 for Target 3040 with Stop loss 3085.