#Bitcoin : Buffett and Dimon Have Last Laugh

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 6 out of 11 markets closed lower: Shanghai Comp -2.49%, Hang Seng -0.35%, Nikkei +0.65%
• In Europe 9 out of 13 markets are trading lower: CAC +0.14%, DAX +0.20%, FTSE -0.11%
• Fair Value: S&P +0.22, NASDAQ +7.23, Dow -10.92
• Total Volume: 1.44mil ESZ & 348 SPZ traded in the pit

_{As of 8:00 AM EST}

Today’s Economic Calendar:

Today’s economic calendar includes the Weekly Bill Settlement, the 8-Week Bill Settlement, PMI Composite FLASH 9:45 AM ET, Fed Balance Sheet and Money Supply 4:30 PM ET, NYSE Early Close, and SIFMA Rec. Early Close 2:00 ET.

S&P 500 Futures: Thanks To Thanksgiving

Chart courtesy of Scott Redler @RedDogT3 – $spx futures +12 as I guess the Holiday fix is in to make everyone happy for Turkey Day and Black Friday. Some room to bounce to 2669-2681 area <July low.

After trading higher through Tuesday’s overnight session, the S&P 500 futures opened Wednesday’s regular trading hours at 2658.25. The first move after the 8:30 AM CT bell was up to an early high at 2663.00, followed by a 12 handle selloff, and then another rip up to a new high of day at 2665.50, all in the first hour.

After a 2556.25 higher low, the ES was barely able to make a new high of 2666.25 at 9:30 when then the pre-holiday chop began to set in. The went on to ES make a double bottom retest of 2656.25, and then rallied up, in a thin-to-win way, to 2671.25 for the morning high. From there, the futures made a late morning retest high of 2671.00 before to dropping down to 2663.25, and then bouncing five handles into the afternoon session.

The early afternoon was nothing but a low volume tight ranged chop. The final hour did see some selling momentum pick up, pulling the ES down to a 2647.75 low of day. The ES went on to print 2650.50 at 3:00 CT, and settled the day at 2648.25, up +8.25 handles, or +0.31%.

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.

Lookbacks:

The lookback period (number of days) is set at 21,13,11,8 and 5 days. A heat-map is generated for each of these lookback periods, the best trade from day is scored.
The period of time that has consistently produced the best results becomes the hotspot for that look back. There are also different look-back types like Taylor and Taylor Plus.
Taylor cycles are usually 3-day cycles. A Taylor-5 look-back would use the last 5 trading days skipping back by 3 trading days. Taylor Plus uses calendar days so weekends and none
trading days are counted as part of the skip count. If a lookback period falls on a none trading day, it is not used so a TaylorPlus will continue skipping back until 5 trading days are found for the heatmap calculation.

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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.}