Are S&P 500 Futures Set Up for a Sell?

Stocks keep vacillating on thoughts of recession and growth.

This is impacting trading in the major indexes, including for the S&P 500 futures index contract (ES).

And while there may well be some upside for the index in the near term, there are also some downside profits to be made right now.

Keep reading below for my full time frame analysis for the S&P 500 Index futures contract (ES)…

My S&P 500 Index (ES) Analysis

Here’s the chart for ES and how I see it shaping up to provide some opportunities to sell over the coming days and weeks…

S&P 500 Index Futures Contract (ES) Price and Technical Analysis – Source: TradingView

And here’s how the S&P 500 Index is shaping up…

The ES daily time frame is in a down trend, with the market making lower lows and lower highs. 

There is a down Fibonacci with an extension price point 3,228.75, about -2,237 ticks below the market. 

As long as the daily time frame stays below the downtrend line, it will be a good idea to turn to the one hour time frame and look for selling ideas.

The Bottom Line

There are multiple ways to trade the futures, stock and other markets. We can trade the indexes, both up and down in channels, as well as individual stocks. 

But with inflation on a fast-track, you need to know how to amplify your gains. To see how I do it, check out the link in the P.S. below…

For more on the markets as well as trading education and trading ideas like this one, look for the next edition of Josh’s Daily Direction in your email inbox each and every trading day.

I’ll be bringing you more of my stock and futures contract trading tutorials as well as some additional trading ideas.

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Keep on trading,

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Josh Martinez

Josh Martinez

Josh Martinez is an elite Analyst who’s been actively trading the financial markets since 2011. He’s known as one the leading innovative traders in this industry due to his his cutting-edge strategies.

Josh first burst into the scene when he took an initial deposit investment of $500 and turned into over $39,000 in just under 2 years.
Josh’s trading articles have been featured in Your Trading Edge, The FX Street, Trader Planet, Forex Crunch, Trading Pub, and Equities.com.

In addition to trading, Joshua has also trained thousands of traders worldwide. His strategies and systems have helped others find success in the market

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