Futures Market Projections

Week of January 27, 2020 - S&P 500 E-MINI -  RUSSELL 2000 E-MINI -  NASDAQ 100 E-MINI.

S&P 500 E-MINI

The S&P 500 E-MINI has continued its pullback in the final week of January 2020 establishing a slight resistance level at 3230.00. With the close being at the top of a slight hallway of sideways consolidation the S&P 500 E-MINI finds itself in a volatile situation. If the S&P 500 E-MINI can maintain above slight resistance level 3620.75 then the S&P 500 E-MINI will continue its upward momentum to find higher highs. If the S&P 500 E-MINI is unable to maintain above newly established slight resistance level 3230.00 then the S&P 500 E-MINI will move to established new lower resistance levels. 

Shown in Chart A.

RUSSELL 2000 E-MINI 

The RUSSELL 2000 E-MINI is currently in a slight pullback to retest established resistance level 1635.8. If pullback volatility holds below 1635.8 the RUSSELL 2000 E-MINI will move to retest lower established resistance levels. If the RUSSELL 2000 E-MINI is able to stay above resistance level 1635.8 the RUSSELL 2000 E-MINI will move to test newly established slight resistance level 1658.5. 

Shown in Chart B.

NASDAQ 100 E-MINI 

With the NASDAQ 100 E-MINI following the markets upward trend the NASDAQ 100 E-MINI is also experiences a slight pullback. While establishing a slight resistance level at 8949.75. The NASDAQ 100 E-MINI must maintain above this level to find higher highs for the 2020 year. If the NASDAQ 100 E-MINI is unable to maintain above resistance level 8949.75 then the NASDAQ 100 E-MINI will move to retest a newly established slight resistance level at 8730.50.

Shown in Chart C.


*Charts are created with TradingView, our partner in charting.
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Written by Nenad Jordanoski, Futures Trader and Technical Analyst.
Email: nj@thetrade.academy
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Risk Warning: Trading on the Financial Markets, Stock Exchange and all its asset derivatives is highly speculative and may not be suitable for all investors. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Please remember that past performance may not be indicative of future results. Supplied information is not an advice .
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