Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESU19:CME) | 2865.50 | -17.75 | -0.61% |
| DowJones (YMU19:CBT) | 25,744 | -199 | -0.76% |
| Nasdaq 100 (NQU19:CME) | 7562.75 | -27.75 | -0.36% |
| Russell 2000 (RTYU19:CME) | 1454.70 | -25.60 | -1.72% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp -0.29%, Hang Seng -0.19%, Nikkei +0.11%
- In Europe 12 out of 13 markets are trading lower: CAC -0.95%, DAX -1.07%, FTSE -0.25%
- Fair Value: S&P -0.13, NASDAQ +4.68, Dow -13.39
- Total Volume: 1.51 million ESU & 526 SPU traded in the pit
*As of 7:00 a.m. CST
S&P 500 Futures: Weak Price Action
During Monday night’s Globex session, the S&P 500 futures printed a high at 2896.25, a low at 2869.25, and opened Tuesday’s regular trading hours (RTH) at 2895.25.
After initially rallying to 2899.50 after the 8:30 CT bell, the ESU settled into a steady grind lower. The Russell 2000 fell 1.5%, overshadowing the other indices.
Over the last several months there seems like there is some type of rotation going on, and yesterday it was buy the S&P and sell the Russell. Every time the ES and NQ upticked Russell made new lows.
When the MiM reveal came out showing $433 million to sell MOC, the ES was trading at 2875.25, it would then go on to print 2868.00 on the 3:00 cash close, and 2866.00 on the 3:15 futures close, down -17.25 handles.
SIGN UP HERE TO GET THE FULL MRTOPSTEP OPENING PRINT!
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.
No responses yet