Tag Archives: SP500 Futures Trading

Nasdaq100, S&P500

S&P500 Futures Analysis- 13Sep2020

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This past week saw significant selling pressure in all equity markets, including S&P500 (SPX) and Nasdaq100 (NDX). As we go into the weekend, the S&P500 futures have taken support at their 50 day moving average, which is at 3320.

 

This 50 day moving average should provide initial support in this rapid sell-off, like it has done in the past. If the futures start moving up above 3350, then 3400-3420 are targets, and that’s also the area of resistance, from where the futures failed to cross 4 times last week. Fresh long trades will be available above 3430 for targets of 3480, 3500, 3520. Absolute stop loss on all long positions should be 3300.

Please note that the selling pressure is coming from Nasdaq100 (NDX) index, which is had a nearly vertical run up (parabolic upmove) in August 2020, and that is unwinding now. We have to keep looking at Nasdaq100 to see when and where it stabilizes. For example, the stock of Apple (AAPL), which is a leading weight on all indices, had a parabolic upmove and has been facing strong selling pressure. Thanks.

Bonus Trades, S&P500

S&P500 Futures Analysis-03Aug2020

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Hello Folks, the S&P500 futures are currently at 3279.50
The futures have already hit 3280, which has activated the Optional Trade that we shared on Friday. Above 3270, a major resistance would break, and our upside target is 3330. So we can stay long above 3280 for Target 3330.

[Copying the trade from Friday]
Here is a new Optional Trade for Traders with 10+ contracts.
“Buy 1-2 contracts at 3280 for Target 3330 with Stop loss 3250”
This trade can also be done with Emini Micros or CFDs.

The S&P500 futures have been moving up since Friday on the back of good results by fronline index companies like Amazon, Google, Microsoft, etc. However the valuations are expensive, so any long trade must be done with caution. 3200 should be the Absolute Stop loss on any long trade. Thanks.