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last: 3,179.50 +38.50 (+1.23 %) |
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BULL 10 |
range envelopes ⓘ |
last range signal |
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timestamp: July 10, 2020 5:00 pm |
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short-term |
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range: 3,111.50 to 3,181.25 |
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intermediate |
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volume (avg):
1,386,186 (1,846,562) |
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long-term |
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trend |
stop/reverse |
trend start |
trend start date |
net change |
last signal |
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short-term |
▲ 3,132.50 |
3,051.25 |
30-Jun-20 |
+4.20 % |
TODAY |
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intermediate |
▲ 3,105.25 |
2,624.00 |
06-Apr-20 |
+21.17 % |
TODAY |
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long-term |
▲ 2,954.50 |
2,954.50 |
26-May-20 |
+7.62 % |
01-Jul-20 |
▲ E-mini S&P 500 Futures is rated BULL 10, the most bullish multitrend classification. A fully-bullish market will trade above rising short-term trend support, which is currently at 3,132.50. Trends in all timeframes remain up above that line. ▼ A confirmed Top-Spotter signal was generated February 20, 2020 at 3375.75. Price has declined -5.8 % since. The current signal will be invalidated if price trades above 3375.75.
► The short-term timeframe is currently in play. (Click the
'Short-term'
tab above to see detailed intratrend signals and charting).
The chart to the right displays the current daily
price bar along with color-coded lines (green is bullish,
red is bearish) representing the three primary trends
(ST=short-term, IT=intermediate, LT=long-term). The
blue dashed line indicates the previous closing price.
| long-term strategy |
stop |
target |
| HOLD existing position |
2,954.50 |
3220.75 (LT range top) |
A range top pullback alert is in effect below 0.00 for E-mini S&P 500 Futures (ES). Aggressive countertrend short entries and exits may be managed using the short-term stop/reverse line (enter below/exit above), which is currently located at 3,132.50. The current price of 3,179.50 is above that line so NO countertrend short here.
Last price of 3,179.50 is outside of the bullish ideal entry zone between 2,954.50 to 3021. Next target higher is 3220.75 (LT range top). A trailing stop for an existing long position should now be moved up to 2,954.50 to lock in accrued profit and/or to exit on a bearish reversal below that line.
▲ The long-term trend for E-mini S&P 500 Futures turned bullish at 2,954.50 on May 26, 2020. Net change to date is +225.00 (+7.62 %). The recommended strategy is to buy only when a favorable risk/reward ratio is present, and to sell partial positions to lock in profits as upside targets are achieved. System trading bias would switch from bullish to bearish on a cross below 2,954.50
✗ risk/reward ratio: POOR -225.00 risk (-7.08%) versus +41.25 potential gain (+1.3%)
✗ ideal entry zone: 2,954.50 to 3021 (currently outside)
• last range envelope signal: noneon
*The long-term timeframe is of particular interest for investors, who are typically looking for a successful trade to be held for a period of months to years.
| intermediate strategy |
stop |
target |
| HOLD existing position |
3,105.25 |
3184.00 (IT range top) |
A range top breakout for E-mini S&P 500 Futures (ES) occurred at 3,156.50 TODAY. This bullish momentum breakout/range expansion condition will remain in effect until a new intermediate range envelope countertrend pullback warning signal appears (see 'last range envelope signal' section at the bottom of this analysis page).
Last price of 3,179.50 is outside of the bullish ideal entry zone between 3,105.25 to 3125. Next target higher is 3184.00 (IT range top). A trailing stop for an existing long position should now be moved up to 3,105.25 to lock in accrued profit and/or to exit on a bearish reversal below that line.
▲ The intermediate trend for E-mini S&P 500 Futures turned bullish at 2,624.00 on April 6, 2020. Net change to date is +555.50 (+21.17 %). The recommended strategy is to buy only when a favorable risk/reward ratio is present, and to sell partial positions to lock in profits as upside targets are achieved. System trading bias would switch from bullish to bearish on a cross below 3,105.25
✗ risk/reward ratio: POOR -74.25 risk (-2.34%) versus +4.50 potential gain (+0.14%)
✗ ideal entry zone: 3,105.25 to 3125 (currently outside)
• last range signal: none
*The intermediate timeframe is the domain of the swing trader, who expects a successful trade setup to generally unfold over a period of weeks to months.
| short-term strategy |
stop |
target |
| HOLD existing position |
3,132.50 |
3180.50 (ST range top) |
A range top breakout for E-mini S&P 500 Futures (ES) occurred at 3,170.75 TODAY. This bullish momentum breakout/range expansion condition will remain in effect until a new short-term range envelope countertrend pullback warning signal appears (see 'last range envelope signal' section at the bottom of this analysis page).
Last price of 3,179.50 is outside of the bullish ideal entry zone between 3,132.50 to 3144.5. Next target higher is 3180.50 (ST range top). A trailing stop for an existing long position should now be moved up to 3,132.50 to lock in accrued profit and/or to exit on a bearish reversal below that line.
▲ The short-term trend for E-mini S&P 500 Futures turned bullish at 3,051.25 on June 30, 2020. Net change to date is +128.25 (+4.20 %). The recommended strategy is to buy only when a favorable risk/reward ratio is present, and to sell partial positions to lock in profits as upside targets are achieved. System trading bias would switch from bullish to bearish on a cross below 3,132.50
✗ risk/reward ratio: POOR -47.00 risk (-1.48%) versus +1.00 potential gain (+0.03%)
✗ ideal entry zone: 3,132.50 to 3144.5 (currently outside)
• last range signal: none
*The short-term timeframe is the realm of the speculator, encompassing trade setups that are generally held from a single day to several weeks.
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