E-mini S&P 500 Futures  ⓘ

 
  last:  5,133.50  +51.25  (+1.01 %) ▼ BULL 7 range envelopes  ⓘ last range signal  
chart
  
  timestamp:  April 26, 2024  10:37 am    intermediate    
  range:  5,104.50 to 5,140.25   ► long-term    
  volume (avg):  621,110  (1,727,066)   short-term    
                 
 
trend stop/reverse trend start trend start date net change last signal
intermediate ▼ 5,213.25 5,263.00 04-Apr-24 -2.46 % 22-Apr-24
► long-term ▲ 5,126.50 5,126.50 25-Apr-24 +0.14 % 25-Apr-24
short-term ▲ 5,072.25 5,058.00 23-Apr-24 +1.49 % 25-Apr-24

▲ E-mini S&P 500 Futures is rated BULL 7, which indicates the second stage of a sharp short-term rally within the context of an intermediate-term bear market. This type of up move often terminates and reverses near intermediate resistance, which is presently at 5,213.25

▼A Top-Spotter signal was generated April 1, 2024 at 5,333.50 and confirmed April 2, 2024 at 5282.25. Price has declined -3.7 % since.

► The long-term timeframe is currently in play.  (Click the 'Long-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 5,126.50 No resistance above
A range bottom rally is in progress above 0.00 for E-mini S&P 500 Futures (ES). Aggressive countertrend long entries and exits may be managed by using the short-term stop/reverse line (enter above/exit below), which is currently located at 5,072.25. The current price of 5,133.50 is above that line so a COUNTERTREND long trade is working here with 5,072.25 as the trailing stop.

A trailing stop should now be moved higher to 5,126.50 to lock in accrued profit and/or to exit on a bearish reversal below that line for an existing long position. There is no long-term resistance detected above the current price of 5,133.50! Keep an eye on the 'last range envelope signal' below for a counter-trend pullback alert (to potentially take at least partial profit on an existing long position).

▲ The long-term trend for E-mini S&P 500 Futures turned bullish at 5,126.50 on April 25, 2024. Net change to date is +7.00 (+0.14 %). 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 5,126.50

✗ risk/reward ratio: -0.14% risk (to stop/reverse line) versus unknown potential gain
✗ ideal entry zone:  to 5126.5 (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 short position 5,213.25 5003.75 (open weekly gap below)
A range bottom rally is in progress above 0.00 for E-mini S&P 500 Futures (ES). Aggressive countertrend long entries and exits may be managed by using the short-term stop/reverse line (enter above/exit below), which is currently located at 5,072.25. The current price of 5,133.50 is above that line so a COUNTERTREND long trade is working here with 5,072.25 as the trailing stop.

Last price of 5,133.50 is outside of the intermediate bearish ideal entry zone between 5,213.25 to 5161. Next target lower is 5003.75 (open weekly gap below). A trailing (buy-to-cover) stop for an existing short position should now be moved lower to 5,213.25 to lock in accrued (short) profit and/or to exit on a bullish reversal above that line.

▼ The intermediate trend for E-mini S&P 500 Futures turned bearish at 5,263.00 on April 4, 2024. Net change to date is -129.50 (-2.46 %). The recommended strategy is to sell short only when a favorable risk/reward ratio is present, and to cover partial positions to lock in profits as downside targets are achieved. System trading bias would switch from bearish to bullish on a cross above 5,213.25

✗ risk/reward ratio: POOR -79.75 risk (-1.55%) versus +129.75 potential (short) gain (+2.53%)
✗ ideal entry zone: 5,213.25 to 5161 (currently outside)

• last range signal: noneon

*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 5,072.25 5285.00 (resistance)
A range top breakout for E-mini S&P 500 Futures (ES) occurred at 5,128.75 on April 25, 2024. 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 5,133.50 is outside of the bullish ideal entry zone between 5,072.25 to 5125.5. Next target higher is 5285.00 (resistance). A trailing stop for an existing long position should now be moved up to 5,072.25 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 5,058.00 on April 23, 2024. Net change to date is +75.50 (+1.49 %). 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 5,072.25

✗ risk/reward ratio: POOR -61.25 risk (-1.19%) versus +151.50 potential gain (+2.95%)
✗ ideal entry zone: 5,072.25 to 5125.5 (currently outside)

• last range signal: noneon

*The short-term timeframe is the realm of the speculator, encompassing trade setups that are generally held from a single day to several weeks.

   
   
   
   
   
   
     
     
     
     
     
     
     
     
     
     
     
       

© 2024 all rights reserved