E-mini S&P (September) / E-mini NQ (September)

S&P, yesterday’s close: Settled 5630.00, up 51.75

NQ, yesterday’s close: Settled at 19,857.75, up 252.00

E-mini S&P and E-mini NQ futures surged in the final minutes on Monday. The move came on the heels of a decisive break above rare major four-star resistance in the E-mini S&P earlier in the session. Moving through the July 23rd gap at 5600.75 ultimately confirms this unprecedented directional momentum and hands the baton to the E-mini NQ which looks to achieve the same feat at 19,925. Strength overnight pinged that level but given the fallout after the July 23rd settlement was led by tech (GOOG and TSLA earnings), this is arguably an even bigger showdown. If you have capitalized on this move, we believe it to be prudent and smart to make sure to monetize it. There will be a lot of Fed speak this week, at Jackson Hole, leading into Fed Chair Powell's keynote Friday morning. 

Want to keep reading?

Subscribe to our daily Morning Express for daily insights into our E-Mini Nasdaq and S&P contracts, Crude Oil and more! Technicals, including our proprietary trading levels, and actionable market bias.

Sign Up for Free

Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500

Performance Disclaimer

Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown. In fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program.

One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk in actual trading. For example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all of which can adversely affect actual trading results.