Tag Archives: sp500 futures trading

Emini Futures Trading Analysis- 22Nov2019

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spx500-futures-daily-chart-analysis1-22nov2019

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- 07Nov2019

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The S&P500 Futures are currently at 3090, and they have been moving up steadily since Oct 10th, 2019 after they closed above their 10 day simple moving avg (SMA), and they have not broken their 10 day SMA yet, despite frequent ups and downs on day to day basis. Four weeks have passed already, making this one of the longest duration of steady upmove by the S&P500 futures in the last two years.

Traders can stay long with 10 day SMA as the Stop loss. It is currently at 3055, which is about 35 points below market price. Below the 10 day SMA, no fresh long trade should be attempted, because the futures can easily go and hit 3000 level again. Traders need to be very alert in the current market and trading positions must be kept light.

spx500-futures-daily-chart-analysis-07nov2019

Following the latest chart at the close of today. The futures have made a bearish candlestick pattern today, after losing most of the gains of today, to the inevitable profit taking at these all time high levels.

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Following is the weekly chart with area-plot of the 10 week simple moving average. There should be no long trades in the black area, because that is the zone of high volatility and sharp cuts.

spx500-futures-weekly-chart-analysis-07nov2019

Once 10 day SMA breaks, the futures can move down rapidly to test 3000-3010.
Below 3050, the next major support is 2980, which becomes the target for the downside.

Here is a tactical trade that can be done by alert and nimble traders.
[Bonus Trade] Sell at 3040 for Target 3010 with Stop loss 3060.

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- 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.

Emini Futures Trading Update- 03July2019

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spx500-futures-daily-chart-analysis-03july2019

Hello Folks, 3000 is here!!! And this 3000 has been our target for S&P500 futures from 1st Jan 2019, the start of this year, when the futures were at 2530, and 3000 looked so far away, and many traders asked me if this was indeed possible within 2019. All along, every month, I have been reminding our trading group that 3000 is the target, and it was difficult to believe just one month back in May 2019, when the futures were in major correction mode. Well, the target has come in 6 months!! And that too after two rejections at 2950 and major corrections along the way.

We have been positive and constructive all along and always looking to buy on corrections, because the uptrend never broke even once as per my analysis. Some traders regularly asked why we were not going short during market rallies. Well, the answer is in front of you. All time high, 3000 is here. The big money has come on the long trades, and for the Nth time since year 2001, it is the long trades that give reliable income with S&P500.

3000 was looking visible once the futures started trading above 2960. We have been long from 2968, so we are gaining from this upmove. But gains keep coming every month, today is the day to celebrate 3000, our major target getting hit. Thank you S&P500!!

On this lovely day, I want to share my next major target with you.
It is 3600. Timeframe 2 years.