Tag Archives: SP500 Targets

Emini Futures Trading Analysis- 11May2020

Posted on by

spx500-futures-30min-chart-analysis1-11may2020

Hello Folks, the S&P500 Emini Futures are currently at 2937. They have moved up further after the end of day upmove on Friday, when they closed above 2920. The futures have hit 2940 early today morning.

There is a short term resistance around 2940 level, as you can see in the above chart (black line). The parabolic uptrend has also broken in the short term (gray line). So, we have to wait and watch for next few hours.

spx500-futures-30min-chart-analysis2-11may2020

The above chart shows how the resistance at 2940 prevailed and the futures went down till 2890, a correction of 50 points.

The S&P500 futures trend is up above 2830, and 2880 is a critical level.

Our S&P500 Emini Futures Trading Strategy is to stay long above 2880, and exit all long positions below 2880. Meanwhile, 2900 can be used as a stop loss for most long trades, or for creating new long trades with 2880 as Stop loss.

[Bonus Trade#1] Buy at 2920 for Target 2960 with Stop loss 2900
Trade Result: Stop loss hit.

[Bonus Trade#2] Buy at 2900 for Target 2950 with Stop loss 2880
Trade Result: Trade in progress.

Emini Futures Trading Analysis- 29Apr2020

Posted on by

Hello Folks, the S&P500 futures are at 2934.00
Today’s Range (so far): 2870.75 – 2935.25

The futures have bounced back today after hitting our Stop loss at 2880 yesterday, during the unexpected 70 point fall from 2913 till 2851.

Unfortunately, our carefully selected General Trade hit 20 points stop loss yesterday (though it was with only 20% position size). And now the futures have gone up and hit 2930, the target we had for that trade. It
feels bad to be in that situation. In normal markets, we may have bought back the futures 20 points below stop loss to reestablish the positions, but the current market can go anywhere rapidly, so we could not take that risk.

2880 is the critical level and the futures bounced above it in early morning trade. Near-term targets are 2930, 2950 and 3000, but the volatility is still high to do a General Trade. In addition, the US Fed meeting notes will come today, which can move the futures rapidly up/down. Continue reading →

Emini Futures Trading Analysis- 24Apr2020

Posted on by

Hello Folks, the S&P500 futures are at 2827.00
Today’s Range: 2755.00 – 2834.50

The S&P500 futures came till 2836 yesterday, and then sharply fell to 2785 within 3 minutes after negative news related to Coronavirus vaccine. It was a 50 point cut in 3 minutes, which would have taken out a lot of stop
losses. The futures went till about 2755 yesterday but did not break 2750. That is positive, and they are again up today at nearly 2830. This is a bullish sign. I think the futures will test 2900 in the coming days.

The major resistance has been around 2850-2880. Above 2880, this resistance will be taken out, and S&P500 Trend will be firmly up. We may get a chance to do General Trade (for all Traders) above 2880, even if its with a smaller position size. I am watching the market closely to see how can we use the current bullish setup of today for our trade next week. Above 2900, the target will be 2930.

[Bonus Trade]
“Buy at 2880 for Target 2930 with Stop loss 2850”
The above trade will trigger at 2880 and has 30 points risk for 50 points reward. All trades should be done with smaller than usual position size because of volatile markets. Thanks.

Emini Futures Trading Analysis- 01Apr2020

Posted on by

spx500-futures-daily-chart-analysis-01apr2020

Hi, the S&P500 futures are at 2459.00, down 110 points or -4.30%
Today’s Range: 2453.50 – 2563.00

The futures were at 2611 when I mailed you yesterday,
and mentioned this in the market levels.
“- Safety will start above 2650 (we are almost there!)”

But the futures could not even go near 2650!
They reached 2635 and started facing selling pressure, and they are now below 2460, down 170 points since yesterday’s high. Its not hard for the futures to move up/down 30 points in the current market conditions with high volatility, but they could not even approach 2650 yesterday. It means the market is not yet ready for become safe and stable, which means more correction, till we get better conditions. In regular market conditions, the S&P500 futures can stay flat for a couple of days, but that’s not possible now. If the market can’t go up, it has go do down without any waiting. Continue reading →

Emini Futures Trading Analysis- 03Mar2020

Posted on by

spx500-futures-daily-chart-analysis2-03mar2020

Hello Folks, the S&P500 futures are currently at 3076.00
Today’s Range (so far): 3024.25 – 3135.50

Every day is a 100+ point day in range these days!
The futures moving up and down 50 points within 30 minutes- very high volatility.

The Optional Trade given yesterday (long from 2950 to 3050) hit its target of 3050 yesterday itself, giving 100 points gain. A few traders also did the previous Optional Trade during pre-market hours (with 50 points Stop loss at 2950) and for them the net gain would be 50 points. For other traders, who took just the Optional Trade during the day time, their gain was 100 points.

So it was worth taking a follow-on trade at 2950 despite getting hit with a Stop loss, because 3050 target was reliable (200 day SMA retest), and it came within a 24 hours of reversal from lower levels. Continue reading →