Emini Futures Trading Update- 31May2019

Posted on May 31, 2019 by Emini Futures Trader

Hello Folks, the S&P500 futures are currently at 2766.00
Today’s Range: 2751.00 – 2790.75

We have had a large gap down today, with Trump tweet regarding Mexico today. The market was already uneasy the whole of May 2019, and this just pushes it further down, while investors try to assess, where the support levels are. We will buy the Micro Emini Futures (MES) again for June, with a stop loss at 2740-2720 (see Bonus Trades below), which was the previous successful support level. This is an oversold market, and we should see a have a very good recovery in June. We will add new Micros above 2800 level. Upside targets till 2910 are clearly visible. And 3000 target is still intact. So I am confident that we will make good profit from here, and we will add new positions on the upmove above 2800.

[Bonus Trades for June 2019]
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(a) Buy at 2760, Target 2800, Stop loss 2740
(b) Buy at 2750, Target 2830, Stop loss 2720
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Traders can use Micro Emini(MES) futures to distribute these trades.

This month, May 2019, has been somewhat like Dec 2018, with weakness all through the month. Most of the weakness this month has come in pre-market gap downs – its one of the largest concentration of pre-market corrections since 1982. We will let the futures get back above their 200 day moving average, before buying more. We did not get a chance to add more contracts and lock the gains in May 2019, but the good news is that the S&P500 is at 2765, which is means solid upside available from here in June 2019, and we will use it by increasing our positions once the upmove is in progress. Thanks.

Emini Futures Trading Analysis- 06May2019

Posted on May 6, 2019 by Emini Futures Trader

Hello Folks, the S&P500 Emini futures are at 2901.50
Today’s Range: 2983.75 – 2916.50

Nobody likes weekend volatility, but it’s here today morning!
The S&P500 futures fell sharply on Sunday night after US President
Donald Trump shocked investors by threatening to hike tariffs on $200
billion worth of Chinese goods, raising fears of a global slowdown and
halting a relative period of calm in the markets. The S&P500 futures fell
about 60 points overnight after the Wall Street Journal reported that
China may cancel a round of US talks this week after Trump’s comments.

In other words, volatility is back! And we can benefit from it by getting
a suitable entry point. The S&P500 is still in uptrend, and the target of
3000 is intact. Most stop losses would have hit by 2900 level. Today’s low
of 2883 is the level to watch, so the key support level currently is near
2880.

2990 level may get tested once more before futures move up and
test higher levels of 2920 level. This trade is based on that move. And we
have a stop loss 2880, given to us by market action today morning.

[Bonus Trade] Buy at 2880 for Target 2900 with Stop loss 2860.
Trade update: This trade hit target within the same day.

Emini Futures Trading Analysis- 21Dec2018

Posted on December 21, 2018 by Emini Futures Trader

The S&P500 futures are at 2426, now 200+ points below their 20 day SMA (simple moving average) of 2641. I don’t remember the last time there was so much divergence! It is not sustainable and very clearly, the futures are deeply oversold. There is an element of shorting and an element of long unwinding in this recent correction in Dec 2018. The S&P500 has lost 375+ points from the start of December – its a record. I think its the worst December for S&P500 since 1929. The market is acting as if we have a recession next year, but its not the case. However, this kind of selling may force the US Fed to think twice about their futures interest rate hikes in 2019.

Our S&P500 futures trading strategy is to keep buying at levels below 2500 for target of 2600 in Jan 2019, because 2500 is a strong support, and the futures will rapidly move up to 2500 from any level below 2500. The minimum pullback target is 2600, within 2 weeks. 2650 is also possible once during Jan 2019.

[Bonus Trade] Buy at 2420 for target 2500 with Stop loss 2380.
Current price is 2415.

Emini Futures Trading Analysis- 17Dec2018

Posted on December 17, 2018 by Emini Futures Trader

Hello Folks, the S&P500 Emini futures are currently at 2555.50, down 50 points for the day. Following are three weekly charts taken at different points of the day today. This is the third red week, and the selling looks mostly done. The futures have tested lower support level of 2530 today, and the futures bounced back from 2530 level, which was the support level established in Feb 2018. The futures are oversold currently, and we can see a good recovery of 100 points to 2650 by December end.

There is a fear in the market that the US Fed will give hawkish message for interest rates in 2019, but I am not sure about that, given the data points about global economic growth slowing down in parts, and crude oil is reflecting those data points. But that fear and the correction seems overdone for now. Investors should expect recovery in S&P500 over next 2-3 weeks.

[Bonus Trade] In my view, the S&P500 will retest its 200 day moving average at 2765 before end-Jan 2019. That is 200 points above the current price of 2555, which presents a good upside for both traders and investors.

Emini Futures Trading Analysis- 02Nov2018

Posted on November 2, 2018 by Emini Futures Trader

Hello Folks, the S&P500 Emini futures are at 2711.75
Today’s Range: 2699.75 – 2765.75

The futures have dipped below 2700 till 2699.75 in a slow manner, and bounced back sharply from there, indicating that the 2700 support level is holding. Therefore, we will get back our futures lost in the Optional trade of today.

Traders with 10+ contracts: Here’s next Optional trade with 2-3 contracts.
“Buy at 2710 for Target 2745 with Stop loss 2690”

There is no General Trade – the volatility is back, and giving some joy to VIX traders. But we need 2700-2710 levels to get tested again, which will happen today and over the weekend. We may get a suitable setup on Monday. However, if the futures go down to 2680 today, then it will become a good buying opportunity. Please stay alert till market close today. Thanks.

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Hello Folks, the S&P500 Emini futures are at 2713.00
Today’s Range: 2611.75 – 2765.75

We had said on 30th Oct, when the futures were at 2680 that 2750 is a reliable upside target for Nov 2018. And the futures have hit 2750 today itself, which is 2nd Nov. But the futures have corrected sharply after hitting 2766 high today, with 50 points intraday correction, which looks bearish as of now just for the next 1-2 days. The futures have also reacted down from their 200 day SMA, which is not positive, because the goal was to cross the 200 day SMA without major hurdles. The upside trend has appeared firmly in weekly charts, so we need a position to go long, and current position is 50-50, hence not suitable for a general trade.

Traders with 10+ contracts: Here’s an Optional trade with 2-3 contracts.
“Buy at 2715 for Target 2745 with Stop loss 2700”

The support level is strongly in place at 2700, so we may try to take a trade using that support level.
If the futures can hold the 2700 support level, then this is the point of highest risk reward with upside target of 2750 again next week.

[Bonus Trade] This can be done by traders having 1-2 contracts.
“Buy at 2705 for Target 2730 with Stop loss 2690”

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Tag Archives: sp500 futures trading

Emini Futures Trading Update- 31May2019

Emini Futures Trading Analysis- 06May2019

Emini Futures Trading Analysis- 21Dec2018

Emini Futures Trading Analysis- 17Dec2018

Emini Futures Trading Analysis- 02Nov2018