Tag Archives: sp500 futures trading

Emini Futures Trading Analysis- 24Jan2020

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If you were actively trading SP500 Futures this week, then this post is for you.

Friday’s intraday fall of 56 points in SP500 futures was unexpected and it caught almost everybody by suprise, and it broke many long positions that were created based on the strong bullish move of Thursday, Jan 23. The fall is being attributed to China Coronavirus concerns on global growth, which caused cascading Stop losses on various long positions between 3320 to 3290.

We got a sense of something not going right at 3323-3325 level because the futures should not have come back there today at all! Plus the fact that they did not make a new high today and they could not cross the previous high of 3337, made things bearish at 3325. That’s when we decided to close the ongoing long trade at or near cost price. Some traders who wanted to hold a few long positions with 3300 Stop loss also got hit, and our final Stop loss on all long postions was 3290, which was also hit.

While a retest of 3300 support level was looking possible from the start of the week, a test of 3280 within the same session was not visible. It shows that a significant amount of long positions got hit with Stop loss yesterday.

But the SP500 futures uptrend, which started in Oct 2019, is still intact, and fresh long positions can be created above 3300 for targets of 3330-3350. The support level is at 3370-3380, but we have to be careful, because below 3300, even 3250 level can get tested in the coming week – it depends on the intensity of negative news coming from China.

The futures will rapidly gain strength above 3300, and Traders should consider adding new long positions, plus all the Stop loss positions will also attempt to add back their long positions. Therefore the price recovery above 3300 can be rapid. The range for next week can be 3250 on downside and 3350 on upside. A more likely range would be 3270 to 3330. So, we are seeing 3330 level coming back at least once, and we should aim to use that. Thanks.

Emini Futures Trading Analysis- 23Jan2020

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Thursday, January 23, 2020 11:09 am EST
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Hello Folks, the S&P500 futures are at 3307.25
Today’s Range (so far): 3301.50 – 3321.25

As expected with 50-50 chance, the futures went down today till 3301, and have bounced back, and both 3300 and 3310 support levels are getting tested currently. But we can’t say as of now, whether this bounce back is enough for testing the support of whether the futures will go down till 3290 for complete support testing.

The set up of today has clarified our next General Trade, which will come once the futures start moving up again. Here is the next General Trade.
Trade#4 of Jan 2020
“Buy at 3323 for Target 3343 with Stop loss 3308”
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Update: The above trade got activated by end of today.

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Thursday, January 23, 2020 8:16 am EST
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Hello Folks, the S&P500 futures are at 3313.50
Today’s Range (so far): 3312.00 – 3321.25

The set up is fairly good, but still it’s not fully suitable for a new General Trade, because there is a 50-50 chance of a retest of 3300 level, which maybe a downward spike that will take out many stop losses. So, we don’t want to risk our existing gains of the month. However, the current set up is a fairly good for a new long trade with 10 point Stop loss, which we can do as an Optional Trade below.

[Bonus Trade]
“Buy at 3315 for Target 3333 with Stop loss 3300.”
This trade will trigger right away. Thanks.

Update: The above Bonus Trade got activated by end of Thursday, January 23,
and hit target 3333 on Friday, January 24, within 24 hours of trade starting.

Emini Futures Trading Analysis- 08Jan2020

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Date and Time: Wed, January 8, 2020 4:13 pm, New York Time
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Hello Folks, the S&P500 futures are at 3258.50
Today’s Range: 3181.50 – 3267.50

The futures went up till 3267.50 today, and profit taking has come towards end of the day, and futures have come down to 3258. Today’s candlestick pattern on S&P500 futures is very rare. It is super bullish, but it is coming after a very good rally in last 8 weeks, so I have to study the entire market setup carefully tonight.

Overall, the setup is bullish above 3200, and 3220 is the main support level on the downside. The futures may try to test 3280 in the next 1-2 days. There is no new General Trade for now. Let me first complete my analysis of the current setup. I will mail you tomorrow morning with updates. Thanks.

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Date and Time: Wed, January 8, 2020 1:37 pm, New York Time
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Hello Folks, the S&P500 futures are at 3257.50
Today’s Range: 3181.50 – 3261.50

With S&P500 futures breaking below 3200, various negative scenarios were looking possible (that’s why the futures fell below 3200 in the first place!). So it was a lot of analysis effort last night (almost a night out) to decide the plan for today, but in the end it has paid off very well!! Continue reading →

Emini Futures Trading Analysis- 09Dec2019

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Hello Folks, the S&P500 futures have closed at 3134.50
Today’s Range: 3132.75 – 3149.25

The futures moved up rapidly on Friday, Dec 6th, from 3120 to 3150 and the quick move made it difficult to create a suitable trade and share with the trading group. By the time the futures were at 3130, the trade was not suitable anymore because stop loss would still have to be 3100.

There is a strong resistance at 3140-3150 level, and we have to see how the futures navigate it. Above 3150, the next target is 3180, and we will try to capture a part of that upmove if it happens.

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The candlestick pattern of last week made a bullish recovery, but it leaves a lot of volatility for following week, which is this week. The futures can easily lose all the ground till 3070 (the low point of last week) if they start trading below 3140. The entire path between 3070 to 3150 is open for rapid moves this week. While the futures are currently at 3140, they can easily do down to 3100-3120, or go up to 3180 from current level. So 30-50 point upmove or 30 point downmove is possible, which makes it difficult to create a reliable trade with tight stop loss. Traders can buy between 3100-3120 for Target 3150, with 10-20 point stop loss. Last week was volatile, and this week may be similar! Continue reading →

Emini Futures Trading Analysis- 05Dec2019

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The S&P500 futures are currently at 3117 at the time of market closing, which is a good recover from day low of 3103 levels. As mentioned in earlier posts, the futures will be bullish above 3100. And sharp bounces from near 3100 indicate buying strength.

The futures will tend to become safe above 3130, but there is also a strong resistance at 3140, so we want to see how the futures navigate the 3140 level. Above 3150, the next major targets are 3180 and 3200.

Our Emini Futures Trading Strategy for Dec 2018, is to stay long, because the S&P500 index is in strong uptrend.

Here’s a Bonus Trade for our website visitors:
“Buy at 3128 for Target 3143 with Stop loss 3114”

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