Charles St Research – $7 CPL
Buyer Beware: The rise (and fall) of Bitcoin
Two likely scenarios are about to play out for the world’s leading cryptocurrency in the next few months.
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Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESU18:CME) | 2880.25 | +5.50 | +0.19% |
| DowJones (YMU18:CBT) | 25,905 | -54 | -0.20% |
| Nasdaq 100 (NQU18:CME) | 7460.25 | +21.75 | +0.29% |
| Russell 2000 (RTYU:CME) | 1719.70 | +3.90 | +0.22% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp -0.18%, Hang Seng -0.72%, Nikkei +1.30%
- In Europe 13 out of 13 markets are trading lower: CAC -0.46%, DAX -0.78%, FTSE -0.68%
- Fair Value: S&P +0.73, NASDAQ +3.15, Dow +14.81
- Total Volume: 1.24mil ESU & 374 SPU traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes NFIB Small Business Optimism Index 6:00 AM ET, Redbook 8:55 AM ET, JOLTS 10:00 AM ET, and Wholesale Trade 10:00 AM ET.
S&P 500 Futures: #ES ‘Back and Fill’
After trading higher in the overnight session, the S&P 500 futures opened yesterday’s regular trading hours at 2885.25, up +11.50 handles. The first move after the bell was a rally up to the high of day at 2888.25 just after 8:50, and then the futures gave way to sell programs at the top of the 9:00 hour, pulling the ES down to a first hour low of 2878.00. From there the futures then pushed to a 2884 lower high, then fell below the open, leading to a retest of the 2878.00 low just after 10:00, and then pushed up to 2884.25 to make the late morning high.
The morning close saw a weak chop down to the low of the day, which came in at 2876.50 right at noon, and the early afternoon gave way to a slow grind higher, printing a mid afternoon high of 2882.25 heading into the final hour. The last hour of the day saw a continued move higher, up to a late day high of 2883.00, before a wave of late selling hit pulling the ES down to 2877.50. The benchmark futures went on to print 2778.50 at 3:00 before settling the day at 2880.50, up +5.75 handles, or +0.20%.
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.
Normal
Normal is a straight trading day count. A 5 day normal on a full-trading week would include Monday through Friday. A 5 day normal on a Monday holiday week would be the previous week’s Friday, skip Saturday, Sunday and holiday Monday and then Tuesday through Friday.
Early close days are considered non-trading in our normal count and are therefore skipped also.
| 09-10-2018 | 5-taylorPlus | Entry | Exit | Trade | Profit | Profit | |
|---|---|---|---|---|---|---|---|
| Contract | Direction | Time | Time | % | % | Points | HeatMap |
| CL_F | long | 1306 | 1331 | 100 | 0.01 | 0.89 | |
| CL_F | short | 1037 | 1102 | -100 | -0.01 | -0.76 | |
| ES_F | long | 0951 | 1011 | 100 | 0.01 | 19.75 | |
| ES_F | short | 1530 | 1553 | -100 | -0.00 | -12.75 | |
| NQ_F | long | 0947 | 1005 | 100 | 0.01 | 71.00 | |
| NQ_F | short | 1533 | 1552 | -100 | -0.01 | -61.25 | |
| YM_F | long | 0945 | 1011 | 100 | 0.01 | 170.00 | |
| YM_F | short | 1532 | 1553 | -100 | -0.00 | -108.00 |
Trading dates are:
[“2018-08-20″,”2018-08-23″,”2018-08-29″,”2018-09-04″,”2018-09-07”]
To read this chart using CL_F above, a Long from 13:06 until 13:31 ET has been profitable 100% of the time over the last 5 days.
Get all of today’s HotSpots here
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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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