Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2910.10 |
+9.50 |
+0.32% |
|
DowJones (YMM19:CBT) |
26,566 |
+138 |
+0.52% |
|
Nasdaq 100 (NQM19:CME) |
7712.50 |
+22.75 |
+0.29% |
|
Russell 2000 (RTYM19:CME) |
1569.00 |
-1.60 |
-0.10% |
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed lower: Shanghai Comp -1.70%, Hang Seng -0.54%, Nikkei +0.08%
- In Europe 7 out of 13 markets closed higher: CAC +0.31%, DAX +0.57%, FTSE -0.15%
- Fair Value: S&P +3.11, NASDAQ +17.59, Dow -3.79
- Total Volume: 1.32million ESM & 155 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Chicago Fed National Activity Index 8:30 AM ET, and Existing Home Sales 10:00 AM ET.
S&P 500 Futures: Holiday Weeks Tend To Be Bullish
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F Sellers defend squeeze into 3D pivot resistance. Close above needed to regain control for buyers. Close below pivot bearish.
During Wednesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a low of 2889.50, then rallied going into the 8:30 futures open to print a high of 2911.75, and opened Thursday’s regular trading hours at 2909.50.
Once again, after the 8:30 CT bell, the ES began to sell off, and by 9:45 had printed a RTH low at 2895.00, which would hold as the day session low. From there, the futures staged a slow rally that would last the rest of the day, and test the opening range.
Heading into the close, the ES had topped out at 2911.25, and then started to pull back a little, trading down to 2905.75 on the 2:45 cash imbalance reveal, and would then go on to print 2908.50 on the 3:00 cash close, and 2910.50 on the 3:15 futures close.
In the end, the overall tone of the ES was firm, but slow. In terms of the days overall trade, total volume was higher, with 1.32 million futures contracts traded.
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 | 1247 | 1324 | 86 | 0.02 | 43.50 | chart |
| normal-13 | 1447 | 1519 | 92 | 0.01 | 14.50 | chart |
| normal-11 | 1447 | 1519 | 100 | 0.01 | 18.00 | chart |
| normal-8 | 1449 | 1519 | 100 | 0.01 | 15.75 | chart |
| normal-5 | 1203 | 1257 | 100 | 0.00 | 13.25 | chart |
| taylorPlus-21 | 1013 | 1112 | 81 | 0.02 | 54.75 | chart |
| taylorPlus-13 | 1044 | 1127 | 100 | 0.01 | 27.00 | chart |
| taylorPlus-11 | 1418 | 1458 | 100 | 0.01 | 34.25 | chart |
| taylorPlus-8 | 1400 | 1458 | 100 | 0.01 | 37.00 | chart |
| taylorPlus-5 | 1401 | 1500 | 100 | 0.01 | 14.75 | chart |
| taylor3-21 | 1451 | 1545 | 86 | 0.01 | 25.50 | chart |
| taylor3-13 | 1024 | 1117 | 85 | 0.02 | 43.75 | chart |
| taylor3-11 | 1024 | 1108 | 91 | 0.01 | 37.25 | chart |
| taylor3-8 | 1404 | 1503 | 100 | 0.01 | 24.50 | chart |
| taylor3-5 | 1404 | 1503 | 100 | 0.00 | 11.75 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 0930 | 1017 | -85 | -0.02 | -45.50 | chart |
| normal-11 | 0930 | 1017 | -82 | -0.01 | -38.25 | chart |
| normal-8 | 0930 | 1017 | -100 | -0.01 | -43.00 | chart |
| normal-5 | 0946 | 1045 | -100 | -0.01 | -40.00 | chart |
| taylorPlus-13 | 0937 | 1036 | -85 | -0.01 | -30.50 | chart |
| taylorPlus-11 | 1159 | 1253 | -91 | -0.01 | -20.75 | chart |
| taylorPlus-8 | 1003 | 1036 | -100 | -0.01 | -28.00 | chart |
| taylorPlus-5 | 1003 | 1045 | -100 | -0.01 | -20.75 | chart |
| taylor3-13 | 1149 | 1231 | -92 | -0.01 | -29.75 | chart |
| taylor3-11 | 1149 | 1231 | -100 | -0.01 | -25.50 | chart |
| taylor3-8 | 1149 | 1231 | -100 | -0.01 | -15.75 | chart |
| taylor3-5 | 0930 | 1007 | -100 | -0.01 | -23.75 | chart |
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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.
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