S&P500 Futures Analysis – 29Dec2021

Hello Folks,
How are you doing? The S&P500 futures are at 4784.
Last 8 weeks have seen a lot of up/down in the S&P500 futures, but once 4700 was decisively broken out this week, the futures raced up towards 4800 level within 48 hours. It was a rapid move as we expected and shared in the previous mail on 16 Dec 2021. So that analysis has played out correctly, and staying long above 4700 closing basis gave about 80 points gain this week. It was suitable setup for our larger traders because that trade had a 50-50 chance of success.

S&P500 futures are in clear uptrend after their breakout above 4700 (after several failed attempts).
We should get 4840-4850 level before any major correction below 4700.
S&P500 futures have strong support at 4730-4750 level.
S&P500 futures have strong resistance at 4830-4850 level.

Here is an Optional Trade:
Buy at 4775 for Target 4825 and Stop 4755
Please Note: The above trade is suitable only for traders who are trading with 5-10 contracts (ES or MES), and in such a case, this trade can be done with 2-3 contracts. Thanks.

Please also see the tweet that was shared wide range of traders.

Overall, the underlying setup of the S&P500 is high risk (high volatility) currently with lots of US Fed related news, which can instantly move the market by 50 points up/down and hit stop loss in either direction. And that’s why we have been going slow and cautious since November. Thanks.

S&P500 Futures Analysis – 13Oct2021

S&P500 futures are currently at 4325, and they are once again testing 4320 support level today, and the risk-reward here is looking very positive for upside target of 4450. Our SP500 Futures Trading Strategy is to stay long above 4330, and increase long positions above 4450, above the resistance line shown in the chart below.

Neat downward sloping resistance line with controlled correction, indicates a solid rally ahead. Clean long trades will come above the resistance line. 4450-4500 are near-term upside targets, which can give 120-170 points gain from current level 4325.

The S&P500 futures have been testing 4300-4320 support levels, and bouncing back from there, so this is the key support level, and long positions can be carefully created above this level. All long positions will need to be closed below 4300, because that will be a fresh breakdown.

#SP500 #SPX #markets #Nasdaq