Tag Archives: 3200

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- 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.