Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2844.00 |
-18.00 |
-0.62% |
|
DowJones (YMM19:CBT) |
25,696 |
-84.00 |
-0.32% |
|
Nasdaq 100 (NQM19:CME) |
7391.75 |
-119.75 |
-1.59% |
|
Russell 2000 (RTYM19:CME) |
1526.80 |
-10.80 |
-0.70% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp +1.23%, Hang Seng -0.47%, Nikkei -0.14%
- In Europe 13 out of 13 markets closed higher: CAC +0.58%, DAX +1.01%, FTSE +0.74%
- Fair Value: S&P +1.30, NASDAQ +9.55, Dow -5.71
- Total Volume: 1.64 million ESM & 126 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the 8-Week Bill Settlement, Raphael Bostic Speaks 7:50 AM ET, Redbook 8:55 AM ET, Existing Home Sales 10:00 AM ET, Charles Evans Speaks 10:45 AM ET, and Eric Rosengren Speaks 12:00 PM ET.
S&P 500 Futures: Weak Choppy Trade Sees Late Uptick
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F Shakeout into new low by .50, held by its intraday reversal window. Sellers need to hold below window to reverse intraday bull bias and force buyers to liquidate. Holding window keeps intraday shorts on hook.
During Sunday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2876.50, a low of 2836.00, and opened Monday’s regular trading hours at 2847.00.
With the overnight weakness overlapping into the day session, the ES broke to print a new low at 2833.00 just after the 8:30 CT bell. From there, the futures would turn around to rally up to 2855.75, a 23 handle move in just under an hour.
For the rest of the morning, and well into the afternoon, the futures drifted sideways on some of the lowest volume we have seen in recent weeks.
Going into the final hour, the ES turned weak, and by 2:15 had traded back down to 2832.50. As the close approached, some buyers stepped back in to finish the day strong, and when the 2:45 cash imbalance reveal came out showing $415M to buy, the futures had traded back up to 2841.25. It would then go on to print 2841.00 on the 3:00 cash close, and 2844.00 on the 3:15 futures close, down -18 handles on the day.
In the end, the overall tone of the ES was weak. In terms of the days overall trade, total volume was lower, with 1.6 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 | 1331 | 1426 | 90 | 0.02 | 50.25 | chart |
| normal-13 | 1006 | 1047 | 85 | 0.02 | 52.25 | chart |
| normal-11 | 1006 | 1047 | 91 | 0.02 | 52.75 | chart |
| normal-8 | 1005 | 1056 | 88 | 0.02 | 50.00 | chart |
| normal-5 | 0930 | 1029 | 100 | 0.03 | 91.00 | chart |
| taylorPlus-21 | 1252 | 1350 | 81 | 0.02 | 46.25 | chart |
| taylorPlus-13 | 1045 | 1139 | 92 | 0.01 | 37.50 | chart |
| taylorPlus-11 | 1045 | 1139 | 100 | 0.01 | 38.50 | chart |
| taylorPlus-8 | 1300 | 1350 | 100 | 0.01 | 36.00 | chart |
| taylorPlus-5 | 1109 | 1156 | 100 | 0.01 | 36.00 | chart |
| taylor3-21 | 1024 | 1108 | 86 | 0.02 | 69.00 | chart |
| taylor3-13 | 1024 | 1108 | 85 | 0.01 | 39.25 | chart |
| taylor3-11 | 1028 | 1115 | 91 | 0.01 | 36.00 | chart |
| taylor3-8 | 1033 | 1126 | 88 | 0.01 | 34.50 | chart |
| taylor3-5 | 1028 | 1100 | 100 | 0.01 | 23.75 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1455 | 1547 | -82 | -0.01 | -38.50 | chart |
| normal-8 | 1453 | 1552 | -87 | -0.02 | -50.75 | chart |
| normal-5 | 1427 | 1516 | -100 | -0.01 | -38.25 | chart |
| taylorPlus-11 | 0940 | 1013 | -82 | -0.01 | -21.75 | chart |
| taylorPlus-8 | 0940 | 1013 | -87 | -0.01 | -18.25 | chart |
| taylorPlus-5 | 1451 | 1524 | -100 | -0.01 | -14.75 | chart |
| taylor3-21 | 1500 | 1531 | -81 | -0.01 | -41.50 | chart |
| taylor3-13 | 1158 | 1252 | -85 | -0.01 | -21.75 | chart |
| taylor3-11 | 0950 | 1028 | -82 | -0.01 | -19.00 | chart |
| taylor3-8 | 1431 | 1506 | -100 | -0.00 | -13.00 | chart |
| taylor3-5 | 1453 | 1551 | -100 | -0.01 | -31.75 | 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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