Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2926.25 |
-4.50 |
-0.15% |
|
DowJones (YMM19:CBT) |
26,440 |
-101 |
-0.38% |
|
Nasdaq 100 (NQM19:CME) |
7798.50 |
-49.25 |
-0.62% |
|
Russell 2000 (RTYM19:CME) |
1579.00 |
-11.60 |
-0.72% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp -1.20%, Hang Seng +0.19%, Nikkei -0.22%
- In Europe 7 out of 13 markets closed higher: CAC +0.07%, DAX +0.16%, FTSE -0.24%
- Fair Value: S&P +1.63, NASDAQ +14.79, Dow -20.66
- Total Volume: 1.12 million ESM & 300 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes GDP 8:30 AM ET, Consumer Sentiment 10:00 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.
S&P 500 Futures: #ES Drop & Pop
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F Daily SP500 w/ Fib extension levels.
Key Downside Levels:
Last week low 2889
Late March low 2789
During Wednesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2935.75, a low of 2927.00, and opened Thursday’s regular trading hours at 2928.75.
Sellers came in right on the 8:30 CT bell and forced the ES down to a new low at 2919.25. From there, the futures pulled back up to 2927.75, before once again heading down to make another new low at 2914.25, which would hold as the low for the rest of the day.
Once the low was in the ES set its sights on higher prices, and by 11:00 had traded all the way back up to 2935.00, thats a 20 handle rebound in less than 2 hours. After that, the futures started to calm down, and traded in a sideways range for the rest of the morning and into the afternoon.
Going into the close, the ES traded 2934.00 when the cash imbalance reveal showed $160M to buy MOC, then the futures started to dive a little, trading 2928.00 on the 3:00 cash close, and ending the day at 2926.00 on the 3:15 futures close.
In the end, the overall tone of the ES was mixed due to all the earnings releases. In terms of the days overall trade, total volume was a little higher than yesterday, with just over 1.1 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 | 1447 | 1546 | 86 | 0.01 | 38.50 | chart |
| normal-13 | 1045 | 1138 | 85 | 0.01 | 38.00 | chart |
| normal-11 | 1045 | 1137 | 82 | 0.01 | 33.25 | chart |
| normal-8 | 1053 | 1127 | 100 | 0.01 | 24.00 | chart |
| normal-5 | 1045 | 1144 | 100 | 0.01 | 36.50 | chart |
| taylorPlus-21 | 0939 | 1031 | 86 | 0.02 | 56.00 | chart |
| taylorPlus-13 | 0939 | 1031 | 85 | 0.01 | 30.75 | chart |
| taylorPlus-11 | 0938 | 1031 | 91 | 0.02 | 43.25 | chart |
| taylorPlus-8 | 1002 | 1032 | 100 | 0.01 | 27.75 | chart |
| taylorPlus-5 | 1002 | 1032 | 100 | 0.01 | 15.50 | chart |
| taylor3-21 | 1249 | 1320 | 81 | 0.01 | 34.75 | chart |
| taylor3-13 | 1249 | 1320 | 85 | 0.01 | 26.25 | chart |
| taylor3-11 | 1250 | 1320 | 82 | 0.01 | 28.00 | chart |
| taylor3-8 | 1200 | 1259 | 88 | 0.01 | 24.25 | chart |
| taylor3-5 | 1523 | 1554 | 100 | 0.00 | 9.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 0930 | 1014 | -85 | -0.01 | -43.00 | chart |
| normal-11 | 0930 | 1014 | -82 | -0.01 | -36.75 | chart |
| normal-8 | 1005 | 1053 | -87 | -0.01 | -15.50 | chart |
| normal-5 | 1209 | 1307 | -100 | -0.00 | -9.75 | chart |
| taylor3-13 | 1428 | 1523 | -85 | -0.01 | -21.00 | chart |
| taylor3-11 | 1331 | 1402 | -91 | -0.00 | -10.50 | chart |
| taylor3-8 | 1108 | 1146 | -87 | -0.01 | -35.25 | chart |
| taylor3-5 | 1320 | 1401 | -100 | -0.00 | -9.50 | 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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