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Home / Futures Blog / E-mini S&P 500 Signals for Bullish Price Action Ahead

E-mini S&P 500 Signals for Bullish Price Action Ahead

August 10, 2021 by Jace Jarboe

S&P Futures are currently making a new All-Time intraday high once again with bullish price action this morning. COVID Delta-variant concerns are not proving to hold this strong market from continuing higher at the present time. There is ongoing talks that the US infrastructure bill will be passed today which could boost equities further. I am looking to buy on this breakout with a stop-loss just below the recent consolidation area that we saw the last few days. Check out the chart below for my technical setup. I recommend the following:

BUY ESU21 @ 4430.00 or @ Market

SELL STOP @ 4415.00 ($750 risk per contract)

SELL LIMIT = 4460.00 ($1,500 profit per contract)

The MICRO contract is 1/10th exposure per contract = $75 risk / $150 profit per micro contract

*Risk/reward are calculated before commissions and fees*

If you are interested in receiving these updates in real-time every day sent to your email,  subscribe to the Jarboe Trading Journal >>

30 MIN ESU21 – Bullish Navigator & Ratio + Vega Highlighting Buy Signal = BUY

 

Jace Jarboe | Futures & Options Broker:
Phone: 312-706-7639
Email: jjarboe@danielstrading.com
Broker Bio

Find More Opportunities in E-mini S&P 500 Futures Like This One

We hit our target for this trade, but navigating today’s markets can be tough for new and experienced traders alike. If you’re actively trading futures and are looking for the insight, education, and empowerment to make better trades, join the Jarboe Trading Journal for the guidance you need. In the meantime, download my free Introduction to E-mini Equity Futures guide to expand your knowledge of the e-mini markets and prepare for the next opportunity.

Want to learn more about E-mini trading basics? Read our guide, Introduction to E-Mini Stock Index Futures>> 

Filed Under: Trading Advisories

About Jace Jarboe

Jace Jarboe is a Futures & Options Broker with Daniels Trading. He is a licensed Series 3 and Series 34 broker with the National Futures Association (NFA). Prior to joining the futures industry, Jace attended Indiana University where he received a Bachelor of Arts degree in Economics. Since 2016, Jace has been devoted to learning all aspects of the futures industry and is dedicated to helping his clients achieve their short and long term trading goals. Jace assists clients in a variety of commodity sectors, with both speculating and hedging, and through utilizing futures, options, spreads, and spot FX. He uses his combined technical and fundamental analysis trading style to identify the best market trends and opportunities available. Jace aims to present trade recommendations which are most suitable for each specific client depending on their risk tolerance and intended trade duration. He has worked with hundreds of clients in his experience. In 2020, Jace launched his own trading advisory to further promote his futures markets expertise to a wider audience. This market newsletter is called the Jarboe Trading Journal and focuses primarily on presenting real-time trade recommendations to subscribers.

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