last:  3,003.00  -3.50  (-0.12 %) BULL 10 range envelopes   last range signal  
chart
 
  timestamp:  October 22, 2019  4:51 am    short-term  ↑  2983.75 to 3007.50 TODAY    
  range:  3,000.75 to 3,014.25   intermediate 2953.75 to 3008.00 TODAY    
  volume (avg):  76,448  (1,433,813)   long-term 2890.75 to 3,025.75 03-Oct-19    
                 
 
trend stop/reverse trend start trend start date net change last signal
short-term 2,985.25 2,928.00 10-Oct-19 +2.56 % TODAY
intermediate 2,980.75 2,980.75 15-Oct-19 +0.75 % TODAY
long-term 2,957.25 2,957.25 11-Oct-19 +1.55 % 11-Oct-19

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 2,985.25. Trends in all timeframes remain up above that line.

A confirmed Bottom-Spotter signal was generated December 26, 2018 at 2328. Price has advanced 29 % since. The current signal will be invalidated if price trades below 2328.

 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 2,957.25 3,025.75 (LT range top)
E-Mini S&P 500 Futures Option (ES) is inside a long-term trading range (between 3025.75 and 2890.75). Momentum in this timeframe is bullish above the stop/reverse line at 2,957.25, but would switch to bearish on a cross below. The current price of 3003.00 is above the ideal entry zone (between 2,957.25 and 2,974.50), which indicates that the risk/reward ratio is less than 1:3 (POOR for a new trade entry in the long-term timeframe).

The next target higher is LT range top at 3,025.75. Accrued profit for an existing position in the long-term timeframe may now be protected with a trailing sell stop set at 2,957.25 (long-term stop/reverse line)

The long-term trend for E-Mini S&P 500 Futures Option turned bullish at 2,957.25 on October 11, 2019.  Net change to date is +45.75 (+1.55 %).  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 2,957.25

risk/reward ratio: POOR for a new trade entered outside of the ideal entry zone
ideal entry zone: 2,957.25 to 2,974.50 (currently outside)

• last range envelope signal: range bottom rally alert at 2855.00 on 03-Oct-19

*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 positions 2,980.75 3,008.00 (IT range top)
A range top pullback for E-Mini S&P 500 Futures Option (ES) occurred at 3,008.00 TODAY. This signal is generated after the bullish momentum from a rally that had previously expanded the intermediate range to the upside has stalled. This can often be a very good early warning for a potential price decline in this timeframe!

At least partial profit should be taken for an existing long position on a cross below the short-term stop/reverse line (currently at 2,985.25) and a trailing stop should now be moved to 2,980.75 to lock in accrued profit.

It is possible for very aggressive intermediate bears to initiate a counter-trend short trade under these circumstances. The initial entry and exit is determined by using the short-term timeframe trend change 'sell short' and 'buy-to-cover' signals (click on the short-term analysis tab above).

The intermediate trend for E-Mini S&P 500 Futures Option turned bullish at 2,980.75 on October 15, 2019.  Net change to date is +22.25 (+0.75 %).  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 2,980.75

risk/reward ratio: POOR for a new trade entered outside of the ideal entry zone
ideal entry zone: 2,980.75 to 2,987.50 (currently outside)

• last range signal: range top counter-trend sell at 3008.00 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 positions 2,985.25 3,007.50 (ST range top)
A range top pullback for E-Mini S&P 500 Futures Option (ES) occurred at 3,007.50 TODAY. This signal is generated after the bullish momentum from a rally, which had previously expanded the short-term range to the upside, has stalled. This can often be a very good early warning for a potential price decline in this timeframe!

(Aggressive long-term or intermediate bears a with a range top pullback alert from their timeframe(s) should ONLY enter a new counter-trend short trade on a cross BELOW the short-term stop/reverse line at 2,985.25 for confirmation)

The short-term trend for E-Mini S&P 500 Futures Option turned bullish at 2,928.00 on October 10, 2019.  Net change to date is +75.00 (+2.56 %).  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 2,985.25

risk/reward ratio: POOR for a new trade entered outside of the ideal entry zone
ideal entry zone: 2,985.25 to 2,990.75 (currently outside)

• last range signal: range top counter-trend sell at 3007.50 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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