Index Futures Net Changes and Settlements:
|S&P 500 (ESU19:CME)||2978.50||-12.00||-0.40%|
|Nasdaq 100 (NQU19:CME)||7801.00||-50.50||-0.64%|
|Russell 2000 (RTYU19:CME)||1564.70||-14.70||-0.93%|
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed lower: Shanghai Comp -0.18%, Hang Seng -0.76%, Nikkei +0.14%
- In Europe 12 out of 13 markets are trading lower: CAC -0.37%, DAX -0.99%, FTSE -0.06%
- Fair Value: S&P +4.06, NASDAQ +22.63, Dow -3.47
- Total Volume: 1.0 ESU & 216 SPU traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the 8-Week Bill Settlement, NFIB Small Business Optimism Index 6:00 AM ET, Jerome Powell Speaks 8:45 AM ET, Redbook 8:55 AM ET, James Bullard Speaks 10:00 AM ET, JOLTS 10:00 AM ET, Raphael Bostic Speaks 1:00 PM ET, and Randal Quarles Speaks 2:00 PM.
S&P 500 Futures: Monday, Repeat Of Friday
Chart courtesy of Scott Redler @RedDogT3 – $spx futures -12 as the Oscillator went from +40 to Neutral.. Holding the 2952 area is important. Powell is tomorrow.
After making a high at 2994.75 during Sunday nights Globex session, the S&P 500 futures broke down to 2978.75 just before 1:00 am CST, and opened Monday’s regular trading hours (RTH) at 2981.50.
Volume was low, the action was weak, and the range was tight for most of the day. It was a good day to play both sides if you’re a scalper.
The daily trend was definitely to the down side, but the final MOC reveal was a strong $654 million to buy. The futures went on to close out the day at 2978.25, which was right in the middle of the RTH opening range, and just 2 ticks lower than the Globex low.
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.