Rotation City; Buy S&P And Nasdaq / Sell Dow

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 10 out of 11 markets closed higher: Shanghai Comp +0.48%, Hang Seng +0.25%, Nikkei +0.22%
• In Europe 10 out of 13 markets are trading higher: CAC +0.46%, DAX -0.21%, FTSE +0.31%
• Fair Value: S&P +1.42, NASDAQ +14.32, Dow -25.01
• Total Volume: 1.04 million ESU & 73 SPU traded in the pit

_{*As of 7:00 a.m. CST}

Today’s Economic Calendar:

Today’s economic calendar includes Durable Goods Orders 8:30 AM ET, International Trade in Goods 8:30 AM ET, Jobless Claims 8:30 AM ET, Retail Inventories 8:30 AM ET, Wholesale Inventories 8:30 AM ET, EIA Natural Gas Report 10:30 AM ET, Kansas City Fed Manufacturing Index 11:00 AM ET, Fed Balance Sheet & Money Supply 4:30 PM ET.

S&P 500 Futures: All Good Now… For Now!

Chart courtesy of Scott Redler @RedDogT3 – $spx that’s what u call a trend mostly above the 8/21day with patterns to navigate along the way.

During Tuesday nights Globex session, the S&P 500 futures (ESU19:CME) printed a high at 3008.25, a low at 2996.00, and opened Wednesday’s regular trading hours (RTH) at 2999.50.

The futures were strong right out of the gate, and by 10:00 CT had traded through the Globex high to print a new high at 3008.25.

After a little back-and-fill down the 3008.00, the ES traded sideways in a 4 handle range until 11:30, before starting to slowly creep higher.

Thin-to-win was the name of the game for the rest of the day. By the time the MiM reveal came out showing $435 million to sell MOC, the ES had traded up to another new high at 3021.00. It would then go on to print 3021.75 on the 3:00 cash close, and 3021.50 on the 3:15 futures close, up +13.50 handles on the day.

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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.}