Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESU19:CME) | 2960.00 | +26.50 | +0.90% |
| DowJones (YMU19:CBT) | 26,774 | +238 | +0.89% |
| Nasdaq 100 (NQU19:CME) | 7772.75 | +70.75 | +0.91% |
| Russell 2000 (RTYU19:CME) | 1566.70 | +7.00 | +0.44% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp +0.50%, Hang Seng -0.27%, Nikkei -0.95%
- In Europe 7 out of 13 markets are trading lower: CAC +0.01%, DAX -0.11%, FTSE +0.175%
- Fair Value: S&P +4.80, NASDAQ +29.61, Dow +10.40
- Total Volume: 1.85 million ESU & 331 SPU traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes Quadruple Witching, Eric Rosengren Speaks 3:30 AM ET, PMI Composite FLASH 9:45 AM ET, Existing Home Sales 10:00 AM ET, Patrick Harker speaks on Sunday Speaks 10:00 AM ET, Lael Brainard Speaks 12:00 PM ET, Loretta Mester Speaks 12:00 PM ET, Mary Daly Speaks 12:30 PM ET, and the Baker-Hughes Rig Count 1:00 PM ET.
S&P 500 Futures: Headlines Killed The Vibe
Yesterday was definitely a negative headline day. After rallying up to a new all time high at 2964.50 on Globex, and then trading 2960.50 on the 8:30 CT bell, the S&P 500 futures (ESU19:CME) were bogged down by Iran headlines all morning. By 11:30, the futures had traded all the way back down to 2936.25, nearly 30 handles off the Globex high.
Once the headline bombardment slowed down, and the algos had squeezed out all the weak longs, buy imbalances started to show up. With the help of the MiM, and nearly $1.5 billion to buy MOC, the ESU rallied to close near the highs of the session.
The futures went on to print 2958.25 on the 3:00 cash close, and 2960.75 on the 3:15 futures close, up +27 handles on the day.
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 | 1217 | 1247 | 81 | 0.01 | 28.50 | chart |
| normal-13 | 1217 | 1247 | 92 | 0.01 | 20.25 | chart |
| normal-11 | 1217 | 1247 | 91 | 0.01 | 14.50 | chart |
| normal-8 | 1217 | 1247 | 100 | 0.01 | 15.00 | chart |
| normal-5 | 0937 | 1013 | 100 | 0.01 | 27.50 | chart |
| taylorPlus-21 | 1329 | 1359 | 81 | 0.01 | 33.25 | chart |
| taylorPlus-13 | 1325 | 1359 | 85 | 0.01 | 35.50 | chart |
| taylorPlus-11 | 1320 | 1352 | 91 | 0.01 | 15.50 | chart |
| taylorPlus-8 | 0935 | 1008 | 88 | 0.01 | 32.75 | chart |
| taylorPlus-5 | 0959 | 1053 | 100 | 0.01 | 31.00 | chart |
| taylor3-21 | 1247 | 1317 | 81 | 0.01 | 34.00 | chart |
| taylor3-13 | 1039 | 1123 | 92 | 0.02 | 51.75 | chart |
| taylor3-11 | 1039 | 1123 | 91 | 0.02 | 46.50 | chart |
| taylor3-8 | 1037 | 1123 | 88 | 0.01 | 31.00 | chart |
| taylor3-5 | 1052 | 1123 | 100 | 0.01 | 17.75 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1131 | 1222 | -86 | -0.03 | -73.00 | chart |
| normal-13 | 1134 | 1219 | -92 | -0.01 | -39.25 | chart |
| normal-11 | 1143 | 1222 | -100 | -0.01 | -31.75 | chart |
| normal-8 | 1132 | 1230 | -100 | -0.01 | -26.25 | chart |
| normal-5 | 1132 | 1219 | -100 | -0.01 | -24.25 | chart |
| taylorPlus-21 | 1502 | 1543 | -86 | -0.03 | -77.50 | chart |
| taylorPlus-13 | 1454 | 1543 | -92 | -0.02 | -59.75 | chart |
| taylorPlus-11 | 1453 | 1544 | -91 | -0.02 | -49.25 | chart |
| taylorPlus-8 | 1521 | 1555 | -100 | -0.01 | -23.25 | chart |
| taylorPlus-5 | 1132 | 1230 | -100 | -0.01 | -38.50 | chart |
| taylor3-13 | 1451 | 1543 | -92 | -0.02 | -55.00 | chart |
| taylor3-11 | 1451 | 1543 | -100 | -0.02 | -48.50 | chart |
| taylor3-8 | 1448 | 1542 | -100 | -0.02 | -54.00 | chart |
| taylor3-5 | 1448 | 1540 | -100 | -0.01 | -22.25 | chart |
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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