S&P 500 

S&P 500

Trading the S&P 500

I trade the S&P 500 index using the E-Mini ES future traded on Globex. The contract value of this instrument is 50 times the value of the underlying index, so 1 point equals 50 USD (1 tick = 0.25 points = 12.5 USD). Alternative ways to trade this index are the usage of trackers or options.

Below you can find the most recent posts about the S&P 500, the complete content of which can be seen by clicking on the titles or the 'Read More' buttons.

S&P 500 Daily Mar. 05, 2010

Posted by Hell7 on Sun, 07/03/2010 - 22:41 in

The daily S&P 500 chart shows that my short bias was completely off, and that price is moving up in this green channel instead of the wedge I assumed was containing price.

S&P 500 Daily Mar. 03, 2010

Posted by Hell7 on Thu, 04/03/2010 - 14:36 in

The daily S&P 500 chart shows a possible topping candle that bounced from the 78.6% retracement level of the recent down-swing, and from the top of a possible green wedge (note that I had to move the upper line after the rally of the last few days, making this pattern less sure)

S&P 500 Weekly Feb. 26, 2010

Posted by Hell7 on Sat, 27/02/2010 - 01:11 in

The weekly chart of the S&P 500 shows that this week is represented by a hanging man, which is a reversal signal and thus hints that there might be weakness ahead.

S&P 500 Daily Feb. 18, 2010

Posted by Hell7 on Thu, 18/02/2010 - 23:17 in

The daily S&P 500 chart shows that price reached the 61.8% retracement of the recent down-swing and the top of this green triangle.

S&P 500 Daily Feb. 12, 2010

Posted by Hell7 on Sun, 14/02/2010 - 15:21 in

The daily S&P 500 chart shows that price is testing the upper line of this red channel, a breach above could trigger some short stops that can send price higher.

S&P 500 Daily Feb. 03, 2010

Posted by Hell7 on Thu, 04/02/2010 - 12:02 in

A zoomed in version of the daily S&P 500 chart shows that Wednesday is represented by a small inside bar, showing some indecision about where to go next.

S&P 500 Daily Feb. 02, 2010

Posted by Hell7 on Tue, 02/02/2010 - 23:17 in

The daily chart of the S&P 500 index shows the predicted bounce, which should bring price up to either the 50% retracement of this downswing (at 1110), or a backtest of the broken wedge.

S&P 500 Weekly Jan. 29, 2010

Posted by Hell7 on Sun, 31/01/2010 - 15:14 in

The weekly chart of the S&P 500 shows that price is backtesting the previously broken downtrend line.

S&P 500 Daily Jan. 28, 2010

Posted by Hell7 on Thu, 28/01/2010 - 23:23 in

The daily chart of the S&P 500 index shows that price tried to break below the the lower line of the green channel but closed above. Everything looks bearish, but I still expect a bounce that should bring price up to either the 50% retracement of this downswing (at 1115), or a backtest of the broken wedge.

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