E Mini S&P 500

Mini S&P Chart & Economic Reports 12.19.2014

December 18th, 2014 Filed under Commodity Trading, Future Trading News, Futures Trading, Indices | Comment (0)

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1. Market Commentary
2. Futures Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Commodities Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Commodities Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Futures Economic Reports for Friday December 19, 2014

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

Recent moves in the stock market don’t stop to amaze me…. FED changes language in statement slightly and we jump over 2.5%!!!

Hard to predict what will happen next, at least for me it is. We have seen days where the market closes down sharply only to make a U turn the next day and vice versa.

Below is a daily chart of the mini SP, if we break the recent highs of 2072, then next targets are 2094 and 2170.

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Mini S&P Daily Continuation Chart – Levels & Reports 8.12.2014

August 11th, 2014 Filed under Future Trading News, Indices | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Voted Number 1 futures trading blog!

Nice bounce on stock index futures after the lows we made Thursday night.

So far the market has respect to the symmetry I am sharing below and the current bounce should test 1951 if continues OR test 1913 if selling pressure resumes. These are the levels I will be watching as in between we have enough room for intraday fluctuations. Volume today was light and action took place mostly in the first few hours. August is know to be the “month of vacations” over at Europe.
Mini SP 500 daily chart for your review below:

In between the Geo political focus will be on the situation in Iraq and the concerning issue of the Islamic group known as ISIS.

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SP 500 Futures Testing Major Support Zone – Levels & Reports for 8.8.2014

August 7th, 2014 Filed under Day Trading, Future Trading News, Future Trading Platform, Futures Trading, Index Futures, Indices | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Voted Number 1 futures trading blog!

SP 500 made new lows and about to test a series of support levels as one can see in the daily chart below:

We have few levels of support between 1885 and 1896.50 in case we break again below the psychological 1900 mark.

I mentioned a couple of days ago support of 1795 by mistake and was asked by few of the readers. That was a typo the support I meant to write is 1895.

Looks like we will visit that level and zone very soon, maybe as early as night session. My best guess is for an initial bounce of that level. Just a guess. Either way I will look to see what kind of reaction we get if and when we get down there.

A strong bounce may signal some more upside, however a break below 1895-1885 level may actually make my 1795 typo into a reality…

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Stock Indices React to FOMC with Largest One Day Drop in 4 Months – Aug 1st Levels

July 31st, 2014 Filed under Commodity Trading, Day Trading, Financial Futures, Future Trading News, Index Futures | Comment (0)

Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Voted Number 1 futures trading blog!

I have noticed many times in the past that the “real direction to FOMC announcements, will usually come the following day”. Today was a perfect example of it…..

Last time we had a meaningful correction in the SP500 was April 4th. The correction lasted 10 days and measured 90 SP points from peak to valley 1885 to 1795 as you can see in the chart below ( sounds like I am talking about earthquakes….).If symmetry decides to give us a similar reaction we can see 1896 as the next target. In between we have a support zone at 1913 – 1918 first.

Daily chart of the Sept. mini SP 500 with the different levels for your review below:

EP – E-Mini S&P 500 Equalized Active Daily Continuation

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E-Mini S&P Daily Chart & Economic Reports 6.20.2014

June 19th, 2014 Filed under Future Trading News | Comment (0)

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Hello Traders,

For 2014 I would like to wish all of you discipline and patience in your trading!

Voted #1 futures trading blog!

I was asked to share my daily chart based on the September contract which is the front month.

Here is the daily chart of the Sept. mini SP 500 for your review, along with indicators I like to watch and possible levels. Notice that other than a couple of “small red dots” ( which are small sell signal based on Bollinger bands) I have not gotten a sell signal on this market since beginning of January this year!! This market is over extended but I think patience is a virtue especially when a market is making all time highs…..