Issue #23: 25th to 29th Aug Weekly Futures Market Outlook

[FKLI]

As anticipated in Issue #22, FKLI did have a strong rally and subsequently hit our 1^st rally target 1,874 on Wednesday. The prices eventually unable to stay above 1,874 and instead close at 1,866 and therefore I anticipate that the market might have a correction towards 1,854. Kindly refer the trading plans below to be well prepared for next week:

Plan A:

FKLI resume rally if EMA 8 above EMA 13 + prices above 1,864

1^st resistance /rally target is 1,874, while 2^nd resistance/rally target is 1,882

Plan B:

FKLI resumes correction + daily closing prices stay below 1,864

1^st support/ correction target is 1,854, 2^nd support/correction target is 1,844

Want more trade ideas? I publish members only daily trade setups on FKLI & FCPO. Register here to be part of the community.

[FCPO]

FCPO again resumed its correction and subsequently hit Issue #22 2^nd support target of 2,000 last Friday closing. According to the latest chart figures we could see FCPO continue its downtrend in the coming weeks. That being said, observe the following plans below to be well prepared for next week:

Plan A:

FCPO start a rally if 8 EMA above 13 EMA + price above 2,150

1^st resistance/ rally target is 2,200; 2^nd resistance/ rally target is 2,260

Plan B:

In contrasts, FCPO resume correction if 8 EMA below 13 EMA + prices below 2,000

1^st support/ correction target is 1,950; 2^nd support/ correction target 1,900

Want more trade ideas? I publish members only daily trade setups on FKLI & FCPO. Register here to be part of the community.

[DOW FUTURES]

The DOW Futures did have a rally throughout last week, anticipated in Issue #22. Observe the following scenarios below for next week:

Plan A:

Dow Futures starts a rally if 8 EMA above 13 EMA + prices above 17,000

1^st  resistance/ rally target at 17,200; 2^nd resistance/ rally target at 17,400

Plan B:

In contrast, DOW Futures starts a correction if 8 EMA below 13 EMA + prices below 16,800

1^st support/ correction target at 16,600; 2^nd support/ correction target at 16,400

[S&P 500 FUTURES]

S&P Futures last week triggered our Issue #22 Plan A and prices eventually had a rally towards Issue #22 1^st rally target of 1,980. That being said, observe the following scenarios below for next week:

Plan A:

S&P Futures resume rally if 8 EMA above 13 EMA + prices above 1,980

1^st resistance/ rally target 2,000; 2^nd resistance/ rally target at 2,020

Plan B:

In contrast, S&P Futures starts a correction if 8 EMA below 13 EMA + prices below 1,960

1^st support/ correction target at 1940; 2^nd support/ correction target at 1,920

DISCLAIMER

The opinions and information contained herein are based on available data believed to be reliable and for educational purposes only. It is not an offer or solicitation to buy or sell the securities covered by this outlook. No individual financial strategy or goals have been taken into account in the preparing of outlooks. Readers should seek independent advice from author for detailed analysis and strategies.

About David Lee

David Lee is a futures Trend Follower, contributing speaker for Futures Market Outlooks.com & Trend Following Malaysia. He believes anyone can easily follow price trends IF they know how to see the big picture. Hence his mission is to introduce futures trend following strategies to the general public so traders can complement their existing strategies to trade differently compared to the rest. You can contact David Lee here.

Issue #22: 18th to 22nd Aug Weekly Futures Market Outlook

[FKLI]

FKLI had a strong rebound from 1,834 key support last week as correctly anticipated in Issue #21. It gained 26.5pts to close at 1,863.5 and subsequently hit our Issue #21’s 2^nd resistance target of 1,864. Congratulations Trend Followers who enjoyed parts of this rebound last week. Observe the following trade setups for next week:

Plan A:

FKLI starts a rally if EMA 8 above EMA 13 + prices above 1,864

1^st resistance /rally target is 1,874, while 2^nd resistance/rally target is 1,882

Plan B:

FKLI resumes correction + daily closing prices stay below 1,859

1^st support/ correction target is 1,854, 2^nd support/correction target is 1,844

[FCPO]

FCPO resumed its correction last week and subsequently fell to 2,094 on Friday. Good job Trend Followers who prepared their trade setups according to Issue #21’s Plan B. That being said, observe the following plans below to be well prepared for next week:

Plan A:

FCPO start a rally if 8 EMA above 13 EMA + price above 2,200

1^st resistance/ rally target is 2,250; 2^nd resistance/ rally target is 2,296

Plan B:

In contrasts, FCPO resume correction if 8 EMA below 13 EMA + prices below 2,080

1^st support/ correction target is 2,050; 2^nd support/ correction target 2,000

[DOW FUTURES]

In Issue #21 we correctly anticipated that the Dow Futures will have a rebound from 16,200 key support. Prices last week gained 153pts to close at 16,635.5pt. Observe the following scenarios below for next week:

Plan A:

Dow Futures starts a rally if 8 EMA above 13 EMA + prices above 16,600

1^st  resistance/ rally target at 16,800; 2^nd resistance/ rally target at 17,000

Plan B:

In contrast, DOW Futures resume correction if 8 EMA below 13 EMA + prices below 16,500

1^st support/ correction target at 16,400; 2^nd support/ correction target at 16,200

[S&P 500 FUTURES]

Last week’s S&P Futures did resume rally, as discussed in Issue #21’s Plan A. Subsequently the market hit our 2^nd rally target of 1,960 on Friday. That being said, observe the following scenarios below for next week:

Plan A:

S&P Futures resume rally if 8 EMA above 13 EMA + prices above 1,960

1^st resistance/ rally target 1,980; 2^nd resistance/ rally target at 2,000

Plan B:

In contrast, S&P Futures starts a correction if 8 EMA below 13 EMA + prices below 1,940

1^st support/ correction target at 1920; 2^nd support/ correction target at 1,900

DISCLAIMER

The opinions and information contained herein are based on available data believed to be reliable and for educational purposes only. It is not an offer or solicitation to buy or sell the securities covered by this outlook. No individual financial strategy or goals have been taken into account in the preparing of outlooks. Readers should seek independent advice from author for detailed analysis and strategies.

About David Lee

David Lee is a futures Trend Follower, contributing speaker for Futures Market Outlooks.com & Trend Following Malaysia. He believes anyone can easily follow price trends IF they know how to see the big picture. Hence his mission is to introduce futures trend following strategies to the general public so traders can complement their existing strategies to trade differently compared to the rest. You can contact David Lee here.

 

 

 

Issue #18: 21st to 25th July Weekly Futures Market Outlook

[FKLI]

FKLI formed a correction signal last Friday when EMA 8 went below EMA 13 (one of the potentially highlighted scenario in Issue #17). FKLI could resume its correction shall daily closing prices stay below 1,874. Trend Followers, be flexible & observe the following trading plans:

Plan A:

FKLI starts a rally if 8 EMA above 13 EMA + prices stay above 1,874,

1^st resistance /rally target is 1,882, while 2^nd resistance/ rally target is 1,895.

Plan B:

FKLI resumes correction if 8 EMA below 13 EMA + prices below 1,874,

1^st support/ correction target is 1,864, while 2^nd support/ correction target is 1,853.

[FCPO]

Last week, FCPO resumed is correction to 2,300 support zone, as potentially highlighted in Issue #17. Take note, FCPO could go to a sideways trend if daily closing prices unable to stay below 2,300. Observe the following trading plans below to be well prepared:

Plan A:

FCPO start a rally if 8 EMA above 13 EMA + price above 2,355

1^st resistance/ rally target is 2,400; 2^nd resistance/ rally target is 2,455

Plan B:

In contrasts, FCPO resume correction if 8 EMA below 13 EMA + prices below 2,300

1^st support/ correction target is 2,260; 2^nd support/ correction target is 2,200

[DOW FUTURES]

Dow Futures did resume its rally and closed at 17,031, as potentially highlighted in Issue #17. However, take note, there are 3 daily candles showing consecutive lower lows & highs, a potential sign of market correction. Therefore, observe the following scenarios next week’s opportunities to be well prepared:

Plan A:

Dow Futures resume rally if 8 EMA above 13 EMA + prices above 16,800

1^st  resistance/ rally target at 17,200; 2^nd resistance/ rally target at 17,400

Plan B:

In contrast, DOW Futures starts a correction if 8 EMA below 13 EMA + prices below 16,800

1^st support/ correction target at 16,600; 2^nd support/ correction target 16,400

[S&P 500 FUTURES]

Similar to Dow Futures, the S&P Futures too resumed its rally, as potentially highlighted in Issue #17. Furthermore, again similar to Dow Futures, the S&P Futures also had 3 daily candles showing consecutive lower lows & highs, a potential sign of market correction. Therefore, observe the following scenarios next week’s opportunities to be well prepared:

Plan A:

S&P Futures resume rally if 8 EMA above 13 EMA + prices above 1,960

1^st resistance/ rally target 1,980; 2^nd resistance/ rally target at 2,000

Plan B:

In contrast, S&P Futures starts a correction if 8 EMA below 13 EMA + prices below 1,960

1^st support/ correction target at 1940; 2^nd support/ correction target at 1,920

DISCLAIMER

The opinions and information contained herein are based on available data believed to be reliable and for educational purposes only. It is not an offer or solicitation to buy or sell the securities covered by this outlook. No individual financial strategy or goals have been taken into account in the preparing of outlooks. Readers should seek independent advice from author for detailed analysis and strategies.

About David Lee

David Lee is a futures Trend Follower, contributing speaker for Futures Market Outlooks.com & Trend Following Malaysia. He believes anyone can easily follow price trends IF they know how to see the big picture. Hence his mission is to introduce futures trend following strategies to the general public so traders can complement their existing strategies to trade differently compared to the rest. You can contact David Lee here.

Issue #17: 14h to 18th July Weekly Futures Market Outlook

[FKLI]

FKLI arrived at a crossroad, it could go up or it could start a correction. As a futures trader what should you do? Be flexible and prepared for next week’s by observing the following trading plans below:

Plan A:

FKLI resume rally if 8 EMA stays above 13 EMA + prices stay above 1,882,

1^st resistance /rally target is 1,894, while 2^nd resistance/ rally target is 1,904.

Plan B:

FKLI starts correction if 8 EMA below 13 EMA + prices below 1,882,

1^st support/ correction target is 1,874, while 2^nd support/ correction target is 1,864.

[FCPO]

To be a consistently profitable futures trader, one must be flexible enough to follow the market. Last week’s FCPO proved to again. As highlighted in Issue #16, 8 EMA still below 13 EMA & hence FCPO had a correction. Well done Trend Followers who were flexible and abled to enjoy last week’s FCPO correction. Repeat your good efforts again and observe the scenarios below for next week’s market:

Plan A:

FCPO start a rally if 8 EMA above 13 EMA + price above 2,400

1^st resistance/ rally target is 2,450; 2^nd resistance/ rally target is 2,500

Plan B:

In contrasts, FCPO resume correction if 8 EMA below 13 EMA + prices below 2,400

1^st support/ correction target is 2,355; 2^nd support/ correction target is 2,300

[DOW FUTURES]

Dow Futures managed to find support at 16,800 throughout last week. From there onwards, it could go up or down. As a futures trader what should you do?  Be flexible and observe the following scenarios below for next week’s opportunities:

Plan A:

Dow Futures resume rally if 8 EMA above 13 EMA + prices above 16,800

1^st  resistance/ rally target at 16,960; 2^nd resistance/ rally target at 17,160

Plan B:

In contrast, DOW Futures starts a correction if 8 EMA below 13 EMA + prices below 16,800

1^st support/ correction target at 16,600; 2^nd support/ correction target 16,400

[S&P 500 FUTURES]

S&P Futures still supported around 1,960. From there onwards, it could go up or down. As a futures trader what should you do?  Be flexible and observe the following scenarios below for next week’s opportunities:

Plan A:

S&P Futures resume rally if 8 EMA above 13 EMA + prices above 1,960

1^st resistance/ rally target 1,980; 2^nd resistance/ rally target at 2,000

Plan B:

In contrast, S&P Futures starts a correction if 8 EMA below 13 EMA + prices below 1,960

1^st support/ correction target at 1940; 2^nd support/ correction target at 1,920

 

DISCLAIMER

The opinions and information contained herein are based on available data believed to be reliable and for educational purposes only. It is not an offer or solicitation to buy or sell the securities covered by this outlook. No individual financial strategy or goals have been taken into account in the preparing of outlooks. Readers should seek independent advice from author for detailed analysis and strategies.

About David Lee

David Lee is a futures Trend Follower, contributing speaker for Futures Market Outlooks.com & Trend Following Malaysia. He believes anyone can easily follow price trends IF they know how to see the big picture. Hence his mission is to introduce futures trend following strategies to the general public so traders can complement their existing strategies to trade differently compared to the rest. You can contact David Lee here.

 

Issue #16: 7th to 11th July Weekly Futures Market Outlook

[FKLI]

Last week proved that traders must be flexible and have 2 trading plans in order to be successful in the futures market. FKLI subsequently resumed its rally and gained 7pt to close at 1,889 (as forewarned in Issue #15 if prices do stay above 1,882, which was the case on Tuesday). Weekly high was 1,898, also a new record high. Well done to Trend Followers who quickly cut losses on shorts and flexible enough to ride on this rally. Let’s continue be flexible and observe the following scenarios next week:

Issue #15: 30th June to 4th July Weekly Futures Market Outlook

[FKLI]

As highlighted in Issue #14, FKLI did stayed above 1,882 and rallied to our 1^st resistance target of 1,892 on Tuesday & Wednesday. Weekly high was Wednesday’s 1,895. Congratulations to the Trend following community who managed to enjoyed this rally. That being said, let us again focus our efforts and observe the following scenarios next week:

Issue #14: 23rd to 27th June Weekly Futures Market Outlook

[FKLI]

As correctly anticipated in Issue #13, FKLI did stayed above 1,874 and consequently gained 6pt to close at 1,882.5. Good job FKLI Trend Followers who enjoyed this rally. Observe the following scenarios next week:

Issue #13: 16th to 20th June Weekly Futures Market Outlook

[FKLI]

FKLI had a rally last week (correctly anticipated in Issue #12) with a weekly high at our 1^st target of 1,882. Overall the market gained 10.5pts to close at 1,876.5. Good job FKLI Trend Followers who enjoyed this rally. Observe the following scenarios next week:

Issue #12: 9th to 13th June Weekly Futures Market Outlook

[FKLI]

FKLI dropped 11pts to close at 1,866 on Friday as prices stayed below 1,874 (as correctly anticipated in Issue #11). Weekly low was 1,857 on Thursday.

Issue #11: 2nd to 6th June Weekly Futures Market Outlook

[FKLI]

As correctly anticipated in Issue #10, FKLI had a trend reversal and gained 8.5pts to close at 1877. Weekly high was 1882. Congratulations FKLI Trend Followers that prepared well and captured this rally!