Tag Archives: SP500 Trend

Emini Futures Trading Analysis- 03Sep2020

Posted on by

SP500-futures-daily-chart-analysis-03Sep2020

The S&P500 futures have suffered a large one-day correction today, with day high at 3584, and day low at 3424. Today’s fall has decisively broken the recent parabolic uptrend (curve line marked in the above chart).

The uptrend support trenline is coming at 3350 level, which is still about 90 points below current market rate. Now, the futures will surely need to test 3350 before getting any reliable or durable recovery. Below 3350, fresh breakdown will happen, and the next proper support is coming at 3200 level, which would be further 150 points below, or 240 points below current level.

The S&P500 futures will try to bounce back over next 1-2 days towards 3460-3480 and that rise can be used for selling, by exiting longs or initialing short positions. The futures will find it difficult to cross 3500, so that’s should be the stop loss for any short trades.

[Bonus Trade]
Sell at 3460 for Target 3350 with Stop loss 3500.

Update: The above trade started and completed within one day on Sep 4th!

Emini Futures Trading Analysis- 10Aug2020

Posted on by

Hello Folks, the S&P500 futures are currently at 3350.
The futures are in uptrend currently and 3400 (new high) is the target.
Major trend line resistance coming at around 3500, which is much higher.
However, 3400 will also create selling pressure.
Please see the attached the daily chart analysis of S&P500 futures.

sp500-futures-daily-chart-analysis-09aug2020

The S&P500 futures made an upmove/breakout above 3280 till 3330 exactly as we expected, giving 50 points gain.

Previous Optional Trade hit target at 3330 and gave 50 points gain.
“Buy at 3280 for Target 3330 with Stop loss 3250”

Here is a new Optional Trade.
“Buy at 3350 for Target 3380 with Stop loss 3320”
This trade can also be done with Emini Micros or CFDs. Thanks.

Traders should take profits regularly, and stay long above 3300 for Target 3400 and 3500.

Absolute stop loss for all long trades is 3200, which is 150 points below.In case of major correction, the futures may fall back to their 200 DMA near 3030. We can buy on corrections, and stay long above 3200 for target 3400.

The immediate long trade is from 3330 to 3400. There is a chance that the futures may correct back to 3300 on profit taking and they make a fresh attempt to 3400. The volatility is still high to do a General Trade with full capital. In current conditions, we can only do trades with a small part of our capital and aim for 30-50 points on those trades. Thanks.

Emini Futures Trading Analysis- 29July2020

Posted on by

The S&P500 futures have been consolidating in between 3200 and 3560 for over a week now, and there is a strong resistance at 3270 level, and it has been there for a long time. Above this resistance of 3270, new long trades can come for target 3330.

SP500-futures-5hr-chart-analysis-29july2020

S&P500 futures are in strong uptrend above 3200, and Traders can stay long above 3200 for target 3250-3260, which is just below the resistance of 3270. Please exit long below 3200, because selling pressure can be high below 3200 and downside target is 3140. So, the setup is high risk currently, because we have the US Fed update coming later today, which can create sharp moves, and hit stop losses.

[Bonus Trade] Buy at 3280 for Target 3330, with Stop 3250.

Summary: Traders can stay long for Target 3260, with 3200 as Stop loss.
Be very cautious here. The setup is not safe and clear.

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- 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.