Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2729.50 |
-1.50 |
-0.05% |
|
DowJones (YMH19:CBT) |
25,327 |
+3 |
+0.01% |
|
Nasdaq 100 (NQH19:CME) |
6995.75 |
-12.25 |
-0.17% |
|
Russell 2000 (RTYH19:CME) |
1517.50 |
-0.90 |
-0.05% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp +1.30%, Hang Seng +0.21%, Nikkei -0.59%
- In Europe 13 out of 13 markets are trading lower: CAC -0.89%, DAX -1.63%, FTSE +0.19%
- Fair Value: S&P -1.64, NASDAQ +3.08, Dow -32.36
- Total Volume: 1.72mil ESH & 458 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Jobless Claims 8:30 AM ET, Robert Kaplan Speaks 9:15 AM ET, Richard Clarida Speaks 9:30 AM ET, EIA Natural Gas Report 10:30 AM ET, 30-Yr Bond Auction 1:00 PM ET, Consumer Credit 3:00 PM ET, Fed Balance Sheet & Money Supply 4:30 PM ET, and James Bullard Speaks 7:30 PM ET.
S&P 500 Futures: Chop, Drop, Pop
Chart courtesy of @Chicagostock – $ES_F Weekly SP500 Index. Bears trapped < 2600, squeezing back to retest failed Dec high 2814. Over needed to recover break / squeeze shorts, attempt retest of last Aug-Sep bull trap. Failure to hold 2600, opens door for retest of 2520.
On Tuesday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2735.00, a low of 2724.50, and opened Wednesday’s regular trading hours at 2731.25. The morning high print was at 2736.50 right after the bell, and the morning low came in at 2722.25. The S&P’s traded 2730.50 on the 10:30 European close, and 2730.50 going into the noon hour.
The early afternoon saw a high of 2733.75 and a low of 2725.25, and a print of 2729.25 going into the final hour of the day. The futures traded 2730.25 on the 2:45 cash imbalance reveal, 2731.00 on the 3:00 cash close, and settled the day at 2729.75 on the 3:15 futures close, down -1.75 handles, or -0.06%.
In the end, the ES’s overall tone was steady, trading mostly sideways throughout the day. In terms of the days overall trade, volume was a little higher than we’ve been seeing, with 1.7 million futures contracts traded.
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