Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2706.25 |
+2.25 |
+0.08% |
|
DowJones (YMH19:CBT) |
25,081 |
-50 |
-0.19% |
|
Nasdaq 100 (NQH19:CME) |
6916.75 |
+11.25 |
+0.16% |
|
Russell 2000 (RTYH19:CME) |
1508.10 |
+2.50 |
+0.16% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp +1.36%, Hang Seng +0.71%, Nikkei -2.01%
- In Europe 13 out of 13 markets are trading higher: CAC +0.92%, DAX +0.87%, FTSE +0.69%
- Fair Value: S&P -1.00, NASDAQ +4.36, Dow -24.62
- Total Volume: 1.55mil ESH & 157 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes a 3-Month Bill Auction and 6-Month Bill Auction at 11:30 AM ET.
S&P 500 Futures: #ES And The Late Friday RIP
Chart courtesy of @Chicagostock – $ES_F Battle to hold the retest of the Dec 12 high 2686 to prevent buyers above from getting trapped. Buyers must overcome Thursday’s failed 271850 high to resume momentum for another shot at retesting Dec 3 trap. Failure to hold 2675 opens door to retest FOMC b/o 2650.
Despite some negative news that the U.S. and China aren’t making headway in the tariff negotiations, the S&P 500 futures sold off early Friday, then rallied to close on its highs of the day. After a steep decline that started in the fourth quarter of 2018, investors continue to take a bullish stance. As of Friday close the ES is up 16.81% since making its December 26th 2316.75 low.
On Thursday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2703.25, a low of 2687.00, and opened Friday’s regular trading hours at 2690.00. The morning high print was 2697.00 right after the bell, and the morning low came in at 2681.75. The S&P’s traded 2685.25 on the 10:30 European close, and 2691.00 going into the noon hour.
The early afternoon saw a low of 2690.75, a high of 2702.25, and a print of 2698.50 going into the final hour of the day. The futures rallied heading into the close, and traded up to 2698.25 on the 2:45 cash imbalance reveal, then printed 2707.50 on the 3:00 cash close, and settled the day at 2706.00 on the 3:15 futures close, up +2.00 handles, or +0.07%.
In the end, the overall tone of the ES was firm. In terms of the days overall trade, volume was a little lighter than Thursday, with 1.5 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 | 1317 | 1407 | 90 | 0.03 | 66.50 | chart |
| normal-13 | 1511 | 1559 | 92 | 0.02 | 51.00 | chart |
| normal-11 | 1010 | 1042 | 100 | 0.02 | 45.00 | chart |
| normal-8 | 1003 | 1042 | 100 | 0.02 | 51.50 | chart |
| normal-5 | 1005 | 1041 | 100 | 0.01 | 23.50 | chart |
| taylorPlus-21 | 1118 | 1153 | 81 | 0.02 | 62.25 | chart |
| taylorPlus-13 | 1124 | 1159 | 100 | 0.03 | 86.25 | chart |
| taylorPlus-11 | 1133 | 1215 | 100 | 0.03 | 85.75 | chart |
| taylorPlus-8 | 1133 | 1216 | 100 | 0.02 | 54.50 | chart |
| taylorPlus-5 | 1345 | 1424 | 100 | 0.02 | 42.50 | chart |
| taylor3-21 | 0957 | 1055 | 86 | 0.05 | 141.25 | chart |
| taylor3-13 | 0956 | 1055 | 92 | 0.04 | 111.25 | chart |
| taylor3-11 | 1012 | 1044 | 100 | 0.02 | 60.75 | chart |
| taylor3-8 | 1127 | 1200 | 100 | 0.02 | 53.50 | chart |
| taylor3-5 | 1125 | 1200 | 100 | 0.01 | 25.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 1045 | 1126 | -85 | -0.02 | -52.00 | chart |
| normal-11 | 1046 | 1120 | -82 | -0.01 | -37.75 | chart |
| normal-5 | 0936 | 1006 | -100 | -0.01 | -22.75 | chart |
| taylorPlus-21 | 1254 | 1329 | -81 | -0.03 | -82.00 | chart |
| taylorPlus-13 | 1251 | 1325 | -92 | -0.02 | -49.00 | chart |
| taylorPlus-11 | 1252 | 1325 | -91 | -0.02 | -41.50 | chart |
| taylorPlus-8 | 1252 | 1325 | -100 | -0.01 | -28.25 | chart |
| taylorPlus-5 | 0932 | 1005 | -100 | -0.01 | -16.25 | chart |
| taylor3-13 | 1328 | 1418 | -85 | -0.04 | -96.50 | chart |
| taylor3-11 | 1328 | 1418 | -82 | -0.03 | -68.25 | chart |
| taylor3-8 | 1410 | 1456 | -87 | -0.01 | -29.25 | chart |
| taylor3-5 | 1358 | 1431 | -100 | -0.01 | -16.00 | chart |
Get All Of Today’s HotSpots Here
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