Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2819.50 |
-38.00 |
-1.32% |
|
DowJones (YMM19:CBT) |
25,463 |
-308 |
-1.19% |
|
Nasdaq 100 (NQM19:CME) |
7311.00 |
-119.00 |
-1.60% |
|
Russell 2000 (RTYM19:CME) |
1502.10 |
-31.70 |
-2.06% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp +0.02%, Hang Seng +0.32%, Nikkei -0.16%
- In Europe 13 out of 13 markets are trading higher: CAC +0.91%, DAX +0.93%, FTSE +0.76%
- Fair Value: S&P +0.84, NASDAQ +8.24, Dow -0.65
- Total Volume: 2.0 million ESM & 301 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the Durable Goods Orders 8:30 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.
S&P 500 Futures: Thursday Low Is In
Chart courtesy of Scott Redler @RedDogT3 – $spx futures +17 as World markets take a breath from going down. We held 2800, oscillator hit -58 and we have a Holiday. Technically, we are just filling yesterday’s gap. I’d think 2840-2851 should be faded today, Not Bought. (If it see’s it).
During Wednesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2858.50, a low of 2825.25, and opened Thursday’s regular trading hours at 2832.00.
Overnight weakness bled through into the day session, with the ES trading down to a new low at 2815.25 after the 8:30 CT bell. After some back and fill up to 2828.75, the futures once again turned lower, in what would be grind that lasted until the final hour, and would see another new low at 2805.75.
Going into the final hour, stocks found some strength, and by the time the 2:45 cash imbalance reveal came out showing $345 million to sell, the ES had traded up to 2823.75, before dropping back down to 2815.75.
Some more buyers stepped in going into the end of the day, and the futures would go on to print 2822.75 on the 3:00 cash close, and 2821.50 on the 3:15 futures close.
In the end, the overall tone of the ES was weak. In terms of the days overall trade, total volume was higher, with just over 2 million futures contracts traded.
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 | 1312 | 1359 | 90 | 0.02 | 63.50 | chart |
| normal-13 | 1013 | 1047 | 92 | 0.02 | 63.50 | chart |
| normal-11 | 1013 | 1052 | 91 | 0.02 | 66.50 | chart |
| normal-8 | 0951 | 1044 | 100 | 0.03 | 89.50 | chart |
| normal-5 | 1014 | 1100 | 100 | 0.02 | 45.75 | chart |
| taylorPlus-21 | 1252 | 1350 | 81 | 0.02 | 42.75 | chart |
| taylorPlus-13 | 1152 | 1240 | 92 | 0.01 | 41.25 | chart |
| taylorPlus-11 | 1152 | 1240 | 100 | 0.01 | 41.50 | chart |
| taylorPlus-8 | 1152 | 1242 | 100 | 0.01 | 42.00 | chart |
| taylorPlus-5 | 0954 | 1053 | 100 | 0.02 | 46.75 | chart |
| taylor3-21 | 1024 | 1108 | 86 | 0.03 | 73.25 | chart |
| taylor3-13 | 1024 | 1108 | 85 | 0.01 | 40.75 | chart |
| taylor3-11 | 1028 | 1100 | 91 | 0.01 | 40.25 | chart |
| taylor3-8 | 1028 | 1100 | 100 | 0.01 | 40.00 | chart |
| taylor3-5 | 1013 | 1101 | 100 | 0.02 | 44.75 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1433 | 1516 | -91 | -0.01 | -40.25 | chart |
| normal-8 | 1435 | 1516 | -100 | -0.01 | -41.00 | chart |
| normal-5 | 1133 | 1232 | -100 | -0.01 | -29.00 | chart |
| taylorPlus-11 | 0940 | 1013 | -82 | -0.01 | -20.75 | chart |
| taylorPlus-8 | 1451 | 1544 | -100 | -0.01 | -15.75 | chart |
| taylorPlus-5 | 1451 | 1523 | -100 | -0.01 | -17.50 | chart |
| taylor3-21 | 1458 | 1528 | -81 | -0.01 | -34.25 | chart |
| taylor3-11 | 0949 | 1028 | -82 | -0.01 | -19.25 | chart |
| taylor3-8 | 1431 | 1506 | -100 | -0.01 | -14.75 | chart |
| taylor3-5 | 1453 | 1551 | -100 | -0.01 | -32.25 | chart |
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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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