Futures Market Projections 22 Jan 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 ringing in the 2020 year in a hallway of slight sideways consolidation. This in turn has created slight resistance levels at 3221.00 and 3260.75. With the S&P 500 E-MINI holding its upward trend the S&P 500 E-MINI finds higher highs. If volatility can not hold the S&P 500 E-MINI will pullback to retest the slight resistance levels at 3221.00 and 3260.75. If the S&P 500 E-MINIs upward tend can hold it will find even higher highs and set a new range high for the year. Shown in Chart A.

 

RUSSELL 2000 E-MINI 

The RUSSELL 2000 E-MINI ushers in the 2020 year with an upward trend attempting to break the previous highest high set on August 31, 2018. The RUSSELL 2000 E-MINI holds between two historically established resistance levels at 1694.1 and 1713.2. If volatility can hold the RUSSELL 2000 E-MINI will move to retest the previous highest high at resistance level 1745.0. If volatility and the upward trend can not hold the RUSSELL 2000 E-MINI will move to retest previous resistance levels below the currently established hallway of sideways consolidation between resistance levels 1694.1 and 1713.2. Shown in Chart B

 

NASDAQ 100 E-MINI 

The NASDAQ 100 E-MINI is currently establishing a new range high for the 2020 year.

With its upward trend holding since December of 2019 the NASDAQ 100 E-MINI has only established a slight resistance level at 8730.50. If volatility can hold the NASDAQ 100 E-MINI will move to find even higher highs. If volatility can not sustain the upward trend, then an expected pullback to retest the previously established slight resistance level at 8730.50 will ensue. With no historically established resistance levels at this range the NASDAQ 100 E-MINI will lay the framework for future established resistance levels. 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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