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last: 3,333.00 +13.50 (+0.41 %) |
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BULL 10 |
range envelopes ⓘ |
last range signal |
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timestamp: January 22, 2020 3:14 am |
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short-term |
↑ 3307.25 to 3329.75
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TODAY |
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range: 3,319.25 to 3,336.50 |
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intermediate |
↑ 3265.50 to 3330.25 |
TODAY
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volume (avg):
128,218 (1,296,799) |
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long-term |
↑ 3,072.25 to 3254.00 |
08-Jan-20
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trend |
stop/reverse |
trend start |
trend start date |
net change |
last signal |
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► |
short-term |
▲ 3,318.50 |
3,235.50 |
08-Jan-20 |
+3.01 % |
TODAY |
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intermediate |
▲ 3,265.50 |
3,119.25 |
05-Dec-19 |
+6.85 % |
TODAY |
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long-term |
▲ 3,072.25 |
2,960.00 |
11-Oct-19 |
+12.60 % |
08-Jan-20 |
▲ E-Mini S&P 500 Futures Option 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 3,318.50. Trends in all timeframes remain up above that line. ▲ A confirmed Bottom-Spotter signal was generated December 26, 2018 at 2330.75. Price has advanced 43 % since. A spotter continuation buy signal was generated January 15, 2020 at 3296.75.
► 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 long positions |
3,072.25 |
No target detected |
A long-term range top breakout for E-Mini S&P 500 Futures Option (ES) has occurred at 3,254.00 on January 8, 2020. Because this bullish range expansion has reached new highs, there are currently no upside targets detected. This very bullish momentum breakout/range expansion condition will remain in effect until buying stalls and a new range envelope counter-trend pullback warning signal appears (see 'range envelopes' indicator at the top of this analysis page). You should now protect existing positions with a trailing stop set not lower than 3,072.25 or at your average position cost, whichever is higher.
▲ The long-term trend for E-Mini S&P 500 Futures Option turned bullish at 2,960.00 on October 11, 2019. Net change to date is +373.00 (+12.60 %). 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 3,072.25
✗ risk/reward ratio: N/A -79.00 risk (-2.37%) versus unknown potential gain
✗ ideal entry zone: There are currently no upside targets detected
• last range envelope signal: range top breakout at 3254.00 on 08-Jan-20
*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 long positions |
3,265.50 |
No target detected |
A intermediate range top breakout for E-Mini S&P 500 Futures Option (ES) has occurred at 3,330.25 TODAY. Because this bullish range expansion has reached new highs, there are currently no upside targets detected. This very bullish momentum breakout/range expansion condition will remain in effect until buying stalls and a new range envelope counter-trend pullback warning signal appears (see 'range envelopes' indicator at the top of this analysis page). You should now protect existing positions with a trailing stop set not lower than 3,265.50 or at your average position cost, whichever is higher.
▲ The intermediate trend for E-Mini S&P 500 Futures Option turned bullish at 3,119.25 on December 5, 2019. Net change to date is +213.75 (+6.85 %). 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 3,265.50
✗ risk/reward ratio: N/A -2.75 risk (-0.08%) versus unknown potential gain
✗ ideal entry zone: There are currently no upside targets detected
• last range signal: momentum breakout buy at 3330.25 TODAY
*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 long positions |
3,318.50 |
No target detected |
A short-term range top breakout for E-Mini S&P 500 Futures Option (ES) has occurred at 3,329.75 TODAY. Because this bullish range expansion has reached new highs, there are currently no upside targets detected. This very bullish momentum breakout/range expansion condition will remain in effect until buying stalls and a new range envelope counter-trend pullback warning signal appears (see 'range envelopes' indicator at the top of this analysis page). You should now protect existing positions with a trailing stop set not lower than 3,318.50 or at your average position cost, whichever is higher.
▲ The short-term trend for E-Mini S&P 500 Futures Option turned bullish at 3,235.50 on January 8, 2020. Net change to date is +97.50 (+3.01 %). 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 3,318.50
✗ risk/reward ratio: N/A -3.25 risk (-0.10%) versus unknown potential gain
✗ ideal entry zone: There are currently no upside targets detected
• last range signal: momentum breakout buy at 3329.75 TODAY
*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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