China Tech Worries Pull NASDAQ Down Over 3%

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 10 out of 11 markets closed lower: Shanghai Comp -2.13%, Hang Seng -2.02%, Nikkei -1.09%
• In Europe 13 out of 13 markets are trading lower: CAC -0.97%, DAX -0.96%, FTSE -0.35%
• Fair Value: S&P +0.86, NASDAQ +8.79, Dow -10.37
• Total Volume: 1.98mil ESZ & 549 SPZ traded in the pit

_{As of 8:00 AM EST}

Today’s Economic Calendar:

Today’s economic calendar includes Housing Starts 8:30 AM ET, Redbook 8:55 AM ET, a 4-Week Bill Auction 11:30 AM ET, a 8-Week Bill Auction 11:30 AM ET.

S&P 500 Futures: No Happy Face For The Markets

Chart courtesy of @Chicagostock – $ES_F Monday’s close <3D pivot resumes negative momentum/trend. Turn around Tuesday? Tuesday’s 3D pivot range above the market to provide overhead resistance for sellers to defend, buyers to overcome.

After trading weaker in the overnight session, the S&P 500 futures opened Monday’s trade at 2731.25. The first move after the 8:30 AM CT bell was up to an early high at 2734.75 in the first fifteen minutes, before waves of sell programs hit and pulled the benchmark index futures down to 2706.50 for the mid-morning low at 9:30. After a rally back up to 2719.75 for the mid-morning high, the ES then turned lower once again, dropping down to 2686.50 for the late morning low just after 11:00, and then rallied to 2698.50 for the late morning high.

The early afternoon saw a move back down to 2683.75, followed by a bounce up to 2698.50, before falling back to 2681.50 at 1:15. Finding buyers there helped propel the S&P’s up to 2703.00 early in the final hour, but then as the MiM came out showing $1 billion to sell, the ES has drifted back down to 2684.00. From there, the futures rallied to print 2692.75 on the 3:00 close, and settled the day at 2696.50, down -46.50, or -1.70%.

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.

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_{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.}