Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2797.25 |
+8.00 |
+0.28% |
|
DowJones (YMM19:CBT) |
25,589 |
-101 |
-0.39% |
|
Nasdaq 100 (NQM19:CME) |
7234.25 |
+42.00 |
+0.58% |
|
Russell 2000 (RTYM19:CME) |
1553.60 |
+0.30 |
+0.01% |
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed lower: Shanghai Comp -1.09%, Hang Seng -0.39%, Nikkei -0.99%
- In Europe 11 out of 13 markets are trading higher: CAC +0.43%, DAX +0.03%, FTSE +0.01%
- Fair Value: S&P +4.96, NASDAQ +29.39, Dow +28.42
- Total Volume: 1.7mil ESM & 4.6k SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Durable Goods Orders 8:30 AM ET, PPI-FD 8:30 AM ET, Atlanta Fed Business Inflation Expectations 10:00 AM ET, Construction Spending 10:00 AM ET, E-Commerce Retail Sales 10:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, and a 30-Yr Bond Auction 1:00 PM ET.
S&P 500 Futures: ES Back And Fill
Chart courtesy of Scott Redler @RedDogT3 – $spx futures+5 as $qqq is already at last weeks highs. Seems like only a matter of time for $spx 2800++
During Monday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2799.25, and traded 2791.25 on Tuesdays mornings 8:30 CT futures open. The ES traded up to 2796.00, pulled back to a 2791.00, double bottomed, and then rallied up to a new high at 2797.00. After another pullback down to higher low at 2791.75, the ES rallied up to another higher high at 2798.75, then pulled back to another higher low at 2793.25. From there, the futures got hit by a small buy program that pushed the future up to 2802.25.
The next move was a small rally up to 2802.75, a new high by 2 ticks. The ES then sold back off under the vwap, double bottomed at 2794.50 at 10:28 CT, and traded back up to a double top at 2802.75 at 11:00 CT. After another pullback down to 2797.00, the ES made a new high at 2803.25 at 1:23, then sold off down to 2792.50 as the MiM went from $263 million to sell to over $300 million to sale. On the 2:45 cash imbalance reveal the ES traded 2799.50 as the final MiM FLIPPED to $670 million to buy. On the 3:00 cash close the ES traded 2797.25, and went on to settle at 2795.50 on the 3:15 futures close, up +6.75 handles handles, or up +0.24% on the day.
In the end, the overall tone of the ES was firm. In terms of the days overall trade, total volume was on the high side, with 1.7 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 | 1327 | 1408 | 81 | 0.01 | 22.25 | chart |
| normal-13 | 1024 | 1120 | 85 | 0.01 | 27.00 | chart |
| normal-11 | 1347 | 1431 | 82 | 0.01 | 24.00 | chart |
| normal-8 | 1517 | 1548 | 100 | 0.01 | 33.75 | chart |
| normal-5 | 1021 | 1113 | 100 | 0.01 | 25.25 | chart |
| taylorPlus-21 | 1113 | 1159 | 86 | 0.02 | 55.50 | chart |
| taylorPlus-13 | 1330 | 1413 | 85 | 0.01 | 32.75 | chart |
| taylorPlus-11 | 1347 | 1438 | 91 | 0.02 | 48.50 | chart |
| taylorPlus-8 | 1505 | 1547 | 88 | 0.01 | 20.00 | chart |
| taylorPlus-5 | 1248 | 1329 | 100 | 0.01 | 19.00 | chart |
| taylor3-21 | 0959 | 1048 | 90 | 0.05 | 122.50 | chart |
| taylor3-13 | 1114 | 1144 | 92 | 0.02 | 41.25 | chart |
| taylor3-11 | 1114 | 1144 | 91 | 0.01 | 34.25 | chart |
| taylor3-8 | 1024 | 1122 | 88 | 0.01 | 21.75 | chart |
| taylor3-5 | 1029 | 1128 | 100 | 0.01 | 20.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 1139 | 1223 | -85 | -0.01 | -41.00 | chart |
| normal-11 | 0942 | 1025 | -82 | -0.02 | -43.00 | chart |
| normal-8 | 1139 | 1223 | -100 | -0.01 | -40.00 | chart |
| normal-5 | 1139 | 1223 | -100 | -0.00 | -13.75 | chart |
| taylorPlus-11 | 1035 | 1114 | -91 | -0.01 | -38.75 | chart |
| taylorPlus-8 | 1035 | 1110 | -100 | -0.01 | -34.50 | chart |
| taylorPlus-5 | 1132 | 1219 | -100 | -0.01 | -33.00 | chart |
| taylor3-13 | 1226 | 1325 | -85 | -0.01 | -33.75 | chart |
| taylor3-11 | 1226 | 1325 | -82 | -0.01 | -25.50 | chart |
| taylor3-8 | 1227 | 1257 | -87 | -0.00 | -13.50 | chart |
| taylor3-5 | 1153 | 1251 | -100 | -0.01 | -21.50 | 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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