Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESZ18:CME) | 2768.50 | +23.00 | +0.83% |
| DowJones (YMZ18:CBT) | 25,316 | +131 | +0.52% |
| Nasdaq 100 (NQZ18:CME) | 7172.25 | +141.25 | +2.00% |
| Russell 2000 (RTYZ17:CME) | 1549.40 | -4.30 | -0.27% |
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed lower: Shanghai Comp -1.49%, Hang Seng -1.38%, Nikkei -1.87%
- In Europe 7 out of 13 markets are trading higher: CAC -0.05%, DAX +0.43%, FTSE +0.01%
- Fair Value: S&P +2.87, NASDAQ +17.25, Dow -7.14
- Total Volume: 2.81mil ESZ & 1,514 SPZ traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Retail Sales 8:30 AM ET, Empire State Mfg Survey 8:30 AM ET, and Business Inventories 10:00 AM ET.
S&P 500 Futures: Gap Up, Sell Off, And Rally Late
After the S&P 500 futures crashed down to 2712.75 on Thursday afternoon, the ES staged a rally all the way up to 2785.00 on Globex, up +72.25 handles from the low. The benchmark futures first print of the day Friday morning was 2779.00. After the open, the ES made two early lows at 2766.50 and 2765.00, and then rallied up to 2778.25 at 9:05 am CT, before dipping down to a new low at 2759.00 at 10:30. From there, the futures rallied up to two lower highs at 2775.50 and 2774.00, and then in came the sell programs.
After pulling back down to 2751.00, the ES rallied to 2762.00, and then sold off down to 2732.25. The next move was back up to 2756.00, and then over the next few hours dropped and popped, making two higher lows at 2737.25 and 2734.75, and then shooting up to 2749.25.
After 2:00 CT the ES traded up to 2755.00, pulled back down to the 2747 area, and then two buy programs came in that helped push the ES back above the vwap, up to 2767.75, at 2:30. The MiM came online showing $2 million to buy, and after a pullback down to 2732.50, the ES traded up to 2769.25. At 2:45 the ES traded up to 2773.50, and then traded 2772.00 as the final MiM showed $202 million to buy. The ES popped up to 2779.00 at 2:58, traded 2766.75 on the 3:00 cash close, and settled at 2768.75 on the 3:15 futures close, up +20.75 handles on the day, or up +0.76%.
In the end, the big ranges, and high volume trade, lasted right into the end of the week. The ES did a late friday RIP, but that doesn’t mean the decline is over. The ‘fear and greed index’ (https://money.cnn.com/data/fear-and-greed/) is still showing a high level of fear. Does that mean the ES cant bounce further? No! But we’re just not sure how far it can go.
Daily HotSpots
HotSpots are times during the market trading session that for the past XX days have consistently moved in one direction or the other. These HotSpots are published each morning pre-market. The next day, a results post is also published and weekly a summary post.
CAUTION: This data is under development and provided only for research and teaching purposes
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Normal
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Early close days are considered non-trading in our normal count and are therefore skipped also.
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