Tag Archives: SP500 Trend

Emini Futures Trading Analysis- 06Feb2020

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Hello Folks, the S&P500 futures are at 3343.00
Today’s Range: 3322.25 – 3357.00
The futures broke out of the 3330-3340 resistance zone last evening, during after market hours, and raced up till 3357.

“But the uptrend is also in good momentum, and we have target of 3350-3360”
— The above target came during after market hours, and a few active traders could use it for making fresh gains. In our own trading accounts, 3353 target got executed but orders placed at 3358 got missed by a point.

Optional Trade update:
“Buy at 3333 for Target 3353 with Stop loss 3213.”

The above trade given yesterday after market hours, did not execute at 3333 yesterday evening, because the futures were moving around 3335, and then took off for 20 point upmove to 3355, within 5-10 minutes of my mail. In other words, by the time the trade was visible to us, it also became visible to many other traders and trading algorithms! A few nimble traders were able to buy during this upmove between 3335-3340 and sell at 3353, with 10-15 points gain.

If you have bought at 3333 today morning with limit buy order, then please exit at current price of 3343, with 10 points gain, because this is not the same trade of yesterday, because the 3353 target has already been hit. We have no new trade as of now, and will mail you again later with market analysis. Thanks.

Emini Futures Trading Analysis- 27Jan2020

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spx500-futures-daily-chart-analysis2-27jan2020

Hello Folks, the S&P500 futures are at 3244.00
Today’s Range (so far): 3235.75 – 3268.50

The futures are down 50 points from Friday’s closing. There was a gap down opening of 25 points below Friday’s closing of 3293, and the futures have gone down further on liquidation of long positions with stop losses. As we mentioned earlier, the futures can correct rapidly below 3300, and that has played out since Friday evening. That’s why 3300-3290 were last Stop loss on our General Trades.

In the very short term, the hourly charts are now showing positive momentum, which can support price from falling further. But this quick 100 point correction from 3337 to 3235 has broken many support levels, and rework is needed at each key level like 3250, 3280, 3300.

spx500-futures-hourly-chart-analysis2-27jan2020

Most importantly, the strong uptrend that started on 10th Oct 2019 is at risk currently, unless the futures move above 3280 within this week.

The key support levels on the downside are at 3200 and 3180, but the futures may not go there directly, and there maybe upward spikes. The S&P500 futures will be strong above 3260, and fresh selling pressure will come below 3180. Trades with 10-20 point Stop loss will not work in current conditions of high volatility. Position size needs to be smaller, and Stop loss needs to be wider.

spx500-futures-5hr-chart-analysis2-27jan2020

This is an unforeseen event based correction, and its difficult to predict how much impact it will have. We have to let the big market players decide the market direction in the next 2-3 days, while we observe carefully. We should avoid new trades till we get some clarity. Thanks.

Emini Futures Trading Analysis- 23Jan2020

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spx500-futures-5hr-chart-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- 21Jan2020

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spx500-futures-daily-chart-analysis1-21jan2020

Hello Folks, the S&P500 futures are at 3321.50
Today’s Range (so far): 3307.50 – 3325.50

S&P500 Futures Technical Analysis: The futures are facing profit taking after moving to new life time highs of 3325-3330, which is very normal. Last week was positive and this week is looking okay as of now. We could see retest of 3300-3290 this week on the downside, and we could see 3340-3350 on the upside. The futures are trying to move up currently. Today’s close will be an important indication.

Our SP500 Emini Futures Trading Strategy continues to be the same. We want to buy on corrections and sell with 20-30 points gain. We may get a new General Trade today, based on how the futures handle 3310-3320 level. Please stay alert. Thanks.

[Bonus Trade]
“Buy at 3313 for Target 3333 with Stop loss 3293.”
This trade may trigger today or tomorrow morning.

Note on Position Size: Please note that we can trade max 1 Emini Contract (50 futures) for every $10K trading capital. So max 2 Emini Contracts (100 futures) for $20K capital, and max 10 Emini Contracts (500 futures) for $100K capital. Position size management is very critical for success in futures trading, because it enables us to navigate different types of market conditions without breaking down. Thanks.

Emini Futures Trading Analysis- 15Jan2020

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The S&P500 Futures are looking ready to cross 3300 level.
Above 3300, the immediate upside target will be 3320-3330.
Traders can use 3275 or 3280 as the Stop loss on long trades.

spx500-futures-daily-chart-analysis2-15jan2020

The support nearest level is at 3275, which was the level from which the futures bounced back on Tuesday, 14 Jan 2020 and the futures stayed above this level today, while trying to move higher, and made a new life time high of 3299.

SP500 Trend is clearly up, and traders should only do long trades.
However, the momentum is coming down, which may create resistance for upmove.

spx500-futures-daily-chart-analysis1-15jan2020