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Emini S&P futures analysis for Feb 14

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Emini S&P [ES]

The Upside Story: We have squeezed higher from our measured move setups from last night and we are long the ES from 2746 even having taken some contracts off and holding (not trailing the balance position). If we hold 2757.50 into the open expect 2763.75 and above there appears unlikely today but we could scale up to 2771 if the bulls decide to make a showing.

The Downside Story: Failing to hold 2757.50 will find some support at 2753.50 initially and if the bulls are a no show, profit taking could push this lower to the overnight lows in the 2745.50 area. While heading below there for today appears unlikely but failure to hold that overnight low will have use finding secondary support at 2742 and below there is very nice support at 2735.75.

Do you wish to preview our 3 main playbooks and TGPivots for today? Use the links below to request this content:

  1. Playbook # 1
  2. Playbook # 2
  3. Playbook # 3
  4. TGPivots
Always trade with risk capital and focus on your risk tolerance daily in making it a habit to trade with stops. Remember, if you are an intraday trader risk management and consistency is all that matters,

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About the author

Murali Sarma, Vice President of Business Integrations Inc., is an internationally known commodities analyst, author, trader and business consultant who has demystified commodity trading and introduced numerous futures trading strategies and indicators to traders - professional, non-professional and the novice trader - throughout the world. Murali began his trading career in the pre-dot-com bubble in 1998, electing to seek instruments to trade which had lesser volatility and offered more predictable analysis. From about 1999 to 2002, Murali traded out of the UK and moving to the US after that and working mostly independently with individual traders while learning from some of the best analysts and traders. While not being formally certified as a commodities trader, Murali preferred to hone in on his analysis and trading skills versus adding academically to his credentials. Murali believes that is isn’t about being right or wrong on your calls, it is about making money!

Murali has helped several traders become successful over the last 10+ years of active futures trading and has a strong following of traders who like to seek out opportunities in the futures markets on a daily basis versus following the old “buy & hold” investing adage. While not being opposed to switching hats and becoming an “investor” every so often with swing trades in the equities markets, Murali prefers to trade what he can see on charts using multiple timeframes and handcrafted indicators suited for all types of markets. Murali excels in trading sideways and choppy markets with a scalping style of being in-out of intraday markets when there is no defined trend, and on most other days prefers trading to his own computed target levels during the intraday timeframe, while following the trend.

In recent months, Murali has started a Twitter based alert service for intraday futures traders who like to trade commodities and index futures, and elected to blog post his daily analysis in commodities like WTI Crude & Gold and index future instruments like YM, NQ, ES & RTY. You may contact him via his email at

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