Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESM19:CME) | 2875.00 | +29.25 | +1.02% |
| DowJones (YMM19:CBT) | 26,007 | +262 | +1.01% |
| Nasdaq 100 (NQM19:CME) | 7419.50 | +137.25 | +1.88% |
| Russell 2000 (RTYM19:CME) | 1512.60 | +10.10 | +0.67% |
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed higher: Shanghai Comp +0.86%, Hang Seng +2.27%, Nikkei +1.20%
- In Europe 13 out of 13 markets are trading higher: CAC +0.32%, DAX +0.01%, FTSE +0.54%
- Fair Value: S&P +0.54, NASDAQ +3.06, Dow +9.54
- Total Volume: +1.67 million ESM & 417 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes JOLTS at 10:00 AM ET, and TD Ameritrade IMX at 12:30 PM ET.
S&P 500 Futures: #ES Up 157 Handles In 5 Sessions
Chart courtesy of Scott Redler @RedDogT3 – $spx futures +10 as the rally extends five sessions. If you didn’t buy anything last week, you probably shouldn’t be chasing Today.
After a weaker than expected jobs number, the S&P 500 futures (ESM19:CME) opened Friday’s regular trading hours at 2856.75, and proceeded to rip higher. The first stop was 2872.25, then after a little back and fill, made its way up to 2880.00.
The day started off as a textbook trend day, with relentless buying, and small pullbacks. It wasn’t until a 10:00 sell program activated that the ES finally topped out and started to pull back. After that, the futures traded sideways in a 9 handle range for the rest of the day.
Going into the close, when the 2:45 cash imbalance reveal came out showing $621 million to buy, the ES was trading at 2876.75, and would then go on to print 2873.50 on the 3:00 cash close, and 2875.25 on the 3:15 futures close, up +29.50 handle for the day.
Join us for a free 5-day trial of Tesseract trading levels for ES, NQ and CL or their counterparts. You can learn more about this quantum strategy by watching this video:
Sign up for the FREE trial here!
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
If you have questions about HotSpots you can contact us at info@mrtopstep.com.
| ES_F | LONG | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1014 | 1044 | 81 | 0.03 | 89.50 | chart |
| normal-13 | 1219 | 1250 | 85 | 0.01 | 27.00 | chart |
| normal-11 | 1219 | 1250 | 91 | 0.01 | 29.75 | chart |
| normal-8 | 1233 | 1315 | 100 | 0.01 | 34.75 | chart |
| normal-5 | 1007 | 1104 | 100 | 0.02 | 45.25 | chart |
| taylorPlus-21 | 0939 | 1035 | 90 | 0.04 | 122.75 | chart |
| taylorPlus-13 | 1011 | 1108 | 92 | 0.03 | 97.50 | chart |
| taylorPlus-11 | 0939 | 1035 | 100 | 0.03 | 91.25 | chart |
| taylorPlus-8 | 1011 | 1108 | 100 | 0.03 | 87.75 | chart |
| taylorPlus-5 | 0952 | 1035 | 100 | 0.02 | 62.25 | chart |
| taylor3-21 | 1252 | 1350 | 81 | 0.02 | 48.00 | chart |
| taylor3-13 | 1045 | 1116 | 92 | 0.02 | 50.75 | chart |
| taylor3-11 | 1040 | 1137 | 100 | 0.02 | 62.25 | chart |
| taylor3-8 | 1038 | 1125 | 100 | 0.02 | 47.00 | chart |
| taylor3-5 | 1047 | 1129 | 100 | 0.01 | 33.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1402 | 1501 | -81 | -0.02 | -49.75 | chart |
| normal-13 | 1136 | 1219 | -92 | -0.01 | -34.75 | chart |
| normal-11 | 1359 | 1456 | -91 | -0.02 | -48.00 | chart |
| normal-8 | 1131 | 1216 | -100 | -0.01 | -40.00 | chart |
| normal-5 | 1131 | 1216 | -100 | -0.01 | -26.50 | chart |
| taylorPlus-13 | 1400 | 1451 | -85 | -0.01 | -43.75 | chart |
| taylorPlus-11 | 1400 | 1451 | -91 | -0.02 | -44.25 | chart |
| taylorPlus-8 | 1400 | 1451 | -100 | -0.01 | -40.00 | chart |
| taylorPlus-5 | 1402 | 1454 | -100 | -0.01 | -32.75 | chart |
| taylor3-11 | 1451 | 1543 | -91 | -0.02 | -47.25 | chart |
| taylor3-8 | 1451 | 1543 | -100 | -0.01 | -38.50 | chart |
| taylor3-5 | 1448 | 1542 | -100 | -0.02 | -45.25 | chart |
Get all of today’s HotSpots here
SIGN UP HERE TO GET THE FULL MRTOPSTEP OPENING PRINT!
As always, please use protective buy and sell stops when trading futures and options.
Disclaimer: Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. Any decision to purchase or sell as a result of the opinions expressed in the forum will be the full responsibility of the person(s) authorizing such transaction(s). BE ADVISED TO ALWAYS USE PROTECTIVE STOP LOSSES AND ALLOW FOR SLIPPAGE TO MANAGE YOUR TRADE(S) AS AN INVESTOR COULD LOSE ALL OR MORE THAN THEIR INITIAL INVESTMENT. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
No responses yet