Score 7.4 (out of 10): S&P500 EMINI FUT sets up for +3% rally in 1 month

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What’s Going On Here?

A combination of Omicron covid virus and upside interest risk from the US central bank has caused a small correction in US equities. While the potential outcome of the omicron virus is too early to tell, leading institutes and pharma companies indicate that the vaccines are likely also effective in preventing severe problems, in most cases.

Why Now?

S&P500 EMINI FUT has successfully tested a support level. During similar occasions, S&P500 EMINI FUT shares had a median return of +3%, over the following 1 month – based on 6 historical occasions with 5 of those showing positive returns (83%). This buy signal for S&P500 EMINI FUT received a high score of 7.4 (out of 10). This insight was generated on 2021-December-2 with last price of 4,562.

What’s This Company About?

S&P500 EMINI FUT is in an index. Based on the last 2 years’ risk/return profile, this asset is seen as Less Risky. Ticker symbol: ESA

What’s My Risk / Reward and Time Horizon?

We found 1 month to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 4701.32 (+3%) has been reached. Based on S&P500 EMINI FUT’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 4415.95 (last price at 4562.75), which is equivalent to a -3.2% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

2.9% (June-2021), 1.9% (May-2021), 3.7% (March-2021), 3.2% (January-2021), 5.8% (September-2020), -4% (February-2020).

Historical Chart:

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Summary:

NameS&P500 EMINI FUT
ViewUp
Star (1 to 10)7.4
Target+3%
Time1 month
Hit Rate83%

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