Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2943.00 |
+1.50 |
+0.05% |
|
DowJones (YMM19:CBT) |
26,548 |
+31 |
+0.11% |
|
Nasdaq 100 (NQM19:CME) |
7813.75 |
-26.50 |
-0.33% |
|
Russell 2000 (RTYM19:CME) |
1602.20 |
+8.20 |
+0.51% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp +0.52%, Hang Seng -0.65%, Nikkei -0.22%
- In Europe 8 out of 13 markets closed lower: CAC -0.24%, DAX +0.01%, FTSE -0.19%
- Fair Value: S&P +1.88, NASDAQ +13.39, Dow -21.51
- Total Volume: 934K ESM & 569 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes FOMC Meeting Begins, Employment Cost Index 8:30 AM ET, Redbook 8:55 AM ET, S&P Corelogic Case-Shiller HPI 9:00 AM ET, Chicago PMI 9:45 AM ET, Consumer Confidence 10:00 AM ET, Pending Home Sales Index 10:00 AM ET, and Farm Prices 3:00 PM ET.
S&P 500 Futures: ES 2950
Chart courtesy of Scott Redler @RedDogT3 – $qqq and tech will be tested again today. Stay on your toes.
During Sunday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2946.75, a low of 2937.75, and opened Monday’s regular trading hours at 2942.00.
The futures were strong out of the gate, and after the 8:30 CT bell had rallied up to a new high at 2947.75. From there, the ES did a little ‘back and fill’ down to 2941.00, before once again rallying to make another new high at 2948.25.
Once the early high was in, the ES backed off a little and started to trade sideways in a 4 handle range for the next 2 hours. Just before 11:30, the futures picked up a little steam and popped up to a new high at 2950.00, and then backed off again to ease into another sideways range.
After hovering around the high for most of the morning and early afternoon, the ES ran up to make yet another new high at 2951.50 just after 1:00, and extended the RTH trading range to a full 10 handles.
Going into the close, stocks started to weaken. When the 2:45 cas imbalance reveal came out showing small to buy, the ES had traded down to 2947.50. It continued to drop, and on the 3:00 cash close printed 2945.00, and ended the day at 2942.50 on the 3:15 futures close, up 1.00 point.
In the end, the overall tone of the ES was firm. In terms of the days overall trade, total volume was lower, with 934k 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 | 1043 | 1130 | 81 | 0.01 | 36.75 | chart |
| normal-13 | 1033 | 1115 | 85 | 0.01 | 27.00 | chart |
| normal-11 | 1200 | 1244 | 91 | 0.00 | 10.75 | chart |
| normal-8 | 1015 | 1114 | 100 | 0.01 | 33.50 | chart |
| normal-5 | 1033 | 1132 | 100 | 0.01 | 32.25 | chart |
| taylorPlus-11 | 1045 | 1121 | 82 | 0.01 | 24.00 | chart |
| taylorPlus-8 | 1045 | 1115 | 88 | 0.01 | 24.50 | chart |
| taylorPlus-5 | 1045 | 1115 | 100 | 0.01 | 18.50 | chart |
| taylor3-21 | 1517 | 1548 | 86 | 0.01 | 28.50 | chart |
| taylor3-13 | 1024 | 1108 | 92 | 0.02 | 46.25 | chart |
| taylor3-11 | 1024 | 1108 | 91 | 0.02 | 42.50 | chart |
| taylor3-8 | 1045 | 1138 | 88 | 0.01 | 31.50 | chart |
| taylor3-5 | 1028 | 1123 | 100 | 0.00 | 12.00 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 0950 | 1021 | -85 | -0.01 | -20.25 | chart |
| normal-11 | 0942 | 1015 | -82 | -0.01 | -26.25 | chart |
| normal-8 | 1227 | 1307 | -87 | -0.00 | -7.50 | chart |
| normal-5 | 1508 | 1555 | -100 | -0.00 | -9.00 | chart |
| taylorPlus-13 | 0930 | 1014 | -85 | -0.02 | -55.25 | chart |
| taylorPlus-11 | 0932 | 1002 | -82 | -0.01 | -34.75 | chart |
| taylorPlus-8 | 0930 | 1014 | -87 | -0.01 | -27.00 | chart |
| taylorPlus-5 | 1013 | 1045 | -100 | -0.01 | -19.75 | chart |
| taylor3-13 | 1159 | 1231 | -100 | -0.01 | -23.50 | chart |
| taylor3-11 | 1156 | 1231 | -100 | -0.01 | -22.00 | chart |
| taylor3-8 | 1138 | 1233 | -100 | -0.01 | -25.25 | chart |
| taylor3-5 | 1138 | 1234 | -100 | -0.00 | -13.00 | 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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