Tag Archives: Emini Futures Trading

Emini Futures Trading Update – 18Mar2016

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sp500-emini-futures-weekly-chart-18mar2016

S&P500 Technical Analysis – for Week of 18 March 2016

The above weekly chart of S&P500 Emini Futures indicates a triple bottom at 1850, and hence a strong bounce back, which has the strength to go all the way till 2100. We have got 5 green weeks back to back, which is one of the most powerful rallies in recent years. Above 2100, the market opinion will be very divided, and there will be enough people willing to short, and any further advances above 2100 will need good support from strong corporate earnings and global macroeconomics data.

Moving Average Indicator: The market is very BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. Market trend is UP as long as the S&P500 index is above 2000 level.

Momentum Indicator: Momentum (138) is way above zero, indicating an overbought market. The long term trend, based on a 45 bar moving average, is DOWN. The short term trend, based on a 9 bar moving average, is UP. Momentum is indicating an overbought market. However the market may continue to become more overbought. Look for further evidence of weakness before getting bearish here. Momentum is likely to increase above 2050 on S&P500 index. So avoid short positions above 2050. Continue reading →

Emini Futures Trading Update – 04Jan2016

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Hello Folks, Good morning. Wishing you a great New Year with health and success. This week starts with volatility coming from China, and their market was halted after -7% circuit breaker. What a way to start the new year!

Historically, Jan is a month of large moves, and it often takes the first few days to get the stage ready. So what we are seeing today may not be the actual trend of Jan, going by several past years.

We exited our long at 2049 Stop, because weakness was visible in the charts below that level. The S&P500 futures are at 1999 currently, down 37 points, or -1.8%. Such gap-down moves can’t be planned or traded. So its good that we had exited our long positions last week. Once the market stabilizes around 2000 level, then we could get an interesting trade set-up bwtween 2010 to 2090. As of now, there is no new trade. Thanks.