![](https://mrtopstep.com/wp-content/uploads/2019/01/Chart-01-23-2019.png)
Index Futures Net Changes and Settlements:
Contract |
Settlement |
Net Change |
+/-% |
S&P 500 (ESH19:CME) |
2632.00 |
-39.50 |
-1.47% |
DowJones (YMH19:CBT) |
24,390 |
-297 |
-1.17% |
Nasdaq 100 (NQH19:CME) |
6653.00 |
-139.75 |
-2.05% |
Russell 2000 (RTYH19:CME) |
1459.80 |
-24.50 |
-1.65% |
Foreign Markets, Fair Value and Volume:
- In Asia 5 out of 11 markets closed higher: Shanghai Comp +0.05%, Hang Seng +0.01%, Nikkei -0.14%
- In Europe 11 out of 13 markets are trading higher: CAC +0.45%, DAX +0.31%, FTSE -0.22%
- Fair Value: S&P -0.13, NASDAQ +7.61, Dow -27.89
- Total Volume: 1.88mil ESH & 329 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Redbook 8:55 AM ET, FHFA House Price Index 9:00 AM ET, and the Richmond Fed Manufacturing Index 10:00 AM ET.
S&P 500 Futures: Buy Bonds / Sell S&P
![](https://mrtopstep.com/wp-content/uploads/2019/01/Chistock-Chart-01-23-2019.png)
Chart courtesy of @Chicagostock – $ES_F Minor pullback off retest of 12/12 2686 high. Third close > 2630. So long as Thursday low 2596 intact, buyers remain in control.
After grinding lower through Monday’s globex session and into yesterday’s open, the S&P 500 futures printed 2654.25 on Tuesday’s 8:30 CT bell. In the first few minutes the ES traded up to what would be the high of day at 2656.50, and then began to turn lower, making a first hour low of 2641.25. After a 9 handle bounce the bottom began to fall out, as a steady stream of selling controlled the rest of the day, and the ES printed a morning low of 2633.50.
The afternoon saw an early low of 2623.25, then after another 9 handle bounce the ES began to selloff again, dropping down to 2618.00 heading into the final hour. The last hour of the day saw the low of day print at 2616.50, followed by a rally up to 2633.50, and then printed 2635.00 on the 3:00 cash close, before settling the day at 2632.00, down -39.50 handles, or -1.48%.
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.
![](https://mrtopstep.com/wp-content/uploads/2019/01/Lookbacks-Long-01-23-2019.png)
![](https://mrtopstep.com/wp-content/uploads/2019/01/Lookbacks-Short-01-23-2019.png)
Get all of todays 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