Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESM19:CME) | 2845.75 | +18.00 | +0.63% |
| DowJones (YMM19:CBT) | 25,745 | +187 | +0.73% |
| Nasdaq 100 (NQM19:CME) | 7282.25 | +53.75 | +0.74% |
| Russell 2000 (RTYM19:CME) | 1502.50 | -3.30 | -0.21% |
Foreign Markets, Fair Value and Volume:
- In Asia 9 out of 11 markets closed higher: Shanghai Comp -1.17%, Hang Seng +0.26%, Nikkei +0.53%
- In Europe 13 out of 13 markets are trading higher: CAC +1.44%, DAX +0.67%, FTSE +0.79%
- Fair Value: S&P +0.84, NASDAQ +4.19, Dow +10.39
- Total Volume: 1.56 million ESM & 208 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the Employment Situation 8:30 AM ET, Wholesale Trade 10:00 AM ET, the Baker-Hughes Rig Count 1:00 PM ET, and Consumer Credit 3:00 PM ET.
S&P 500 Futures: ES Up 125 Handles In 3 Sessions
Chart courtesy of Scott Redler @RedDogT3 – Good morning. Mostly green arrows around the World ahead of Jobs Friday. $spx futures +8. See if it holds above 2852 (or not) next resistance 2864-2875 area. If you didn’t buy earlier this week. Take care with your first buy into this gap up (probably a better sell).
After gapping lower to open yesterday’s Globex session at 2820.50, then printing a low of 2812.75, the S&P 500 futures (ESM19:CME) firmed up and traded higher for the rest of the night, filling the gap and trading up to 2838.00.
The ES opened regular trading hours at 2830.75, and was a little weak out of the gate, breaking down to 2823.25 at 9:30. From there, headlines triggered some buy programs, and by 10:30, it had made it back up to 2836.50.
After the early high was in, a trade headline activated some sell programs that quickly smacked the futures down to 2827.25. Once the dust had settled, the ES began a slow choppy grind higher.
Heading into the final hour, the ES continued to trade higher, topping out at 2853.00. When the cash imbalance reveal came out showing $371 million to sell, the futures started to back off a little, and went on to print 2845.00 on the 3:00 cash close, and 2845.50 on the 3:15 futures close, up 27 handles on the day.
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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 | 1257 | 1349 | 81 | 0.02 | 56.00 | chart |
| normal-13 | 1305 | 1349 | 85 | 0.01 | 29.50 | chart |
| normal-11 | 1459 | 1529 | 82 | 0.01 | 24.75 | chart |
| normal-8 | 1233 | 1326 | 88 | 0.01 | 34.50 | chart |
| normal-5 | 1017 | 1113 | 100 | 0.01 | 36.50 | chart |
| taylorPlus-21 | 0940 | 1035 | 90 | 0.04 | 117.25 | chart |
| taylorPlus-13 | 1011 | 1109 | 92 | 0.03 | 90.50 | chart |
| taylorPlus-11 | 0939 | 1035 | 100 | 0.03 | 82.75 | chart |
| taylorPlus-8 | 0940 | 1035 | 100 | 0.02 | 69.75 | chart |
| taylorPlus-5 | 0952 | 1035 | 100 | 0.02 | 60.75 | chart |
| taylor3-21 | 1024 | 1108 | 81 | 0.02 | 58.50 | chart |
| taylor3-13 | 1214 | 1301 | 85 | 0.01 | 28.75 | chart |
| taylor3-11 | 1214 | 1301 | 82 | 0.01 | 26.75 | chart |
| taylor3-8 | 1011 | 1046 | 88 | 0.01 | 33.75 | chart |
| taylor3-5 | 1132 | 1225 | 100 | 0.00 | 9.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1359 | 1457 | -81 | -0.01 | -41.75 | chart |
| normal-13 | 1359 | 1453 | -85 | -0.02 | -52.00 | chart |
| normal-11 | 0937 | 1013 | -91 | -0.01 | -42.25 | chart |
| normal-8 | 0937 | 1013 | -100 | -0.01 | -28.25 | chart |
| normal-5 | 1134 | 1233 | -100 | -0.01 | -36.00 | chart |
| taylorPlus-13 | 1400 | 1451 | -85 | -0.01 | -41.00 | chart |
| taylorPlus-11 | 1400 | 1451 | -82 | -0.01 | -39.50 | chart |
| taylorPlus-8 | 1400 | 1451 | -100 | -0.01 | -41.50 | chart |
| taylorPlus-5 | 1403 | 1502 | -100 | -0.01 | -35.25 | chart |
| taylor3-13 | 0949 | 1028 | -85 | -0.00 | -14.00 | chart |
| taylor3-11 | 1428 | 1520 | -82 | -0.01 | -18.50 | chart |
| taylor3-8 | 1343 | 1415 | -87 | -0.00 | -13.00 | chart |
| taylor3-5 | 1301 | 1339 | -100 | -0.01 | -15.00 | 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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