Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2747.00 |
-3.00 |
-0.10% |
|
DowJones (YMM19:CBT) |
25,495 |
+28 |
+0.10% |
|
Nasdaq 100 (NQM19:CME) |
7026.25 |
-0.75 |
-0.01% |
|
Russell 2000 (RTYM19:CME) |
1525.70 |
+2.10 |
+0.13% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp +1.92%, Hang Seng +0.97%, Nikkei +0.47%
- In Europe 11 out of 13 markets are trading higher: CAC +0.30%, DAX +0.39%, FTSE +0.60%
- Fair Value: S&P +4.76, NASDAQ +29.26, Dow +22.87
- Total Volume: 1.53mil ESM & 4.2k SPM traded in the pit
As of 8:00am EST
Today’s Economic Calendar:
Today’s economic calendar includes Retail Sales 8:30 AM ET, Business Inventories 10:00 AM ET, and Jerome Powell Speaks at 7:00 PM ET.
S&P 500 Futures: #Jobs #ES Early Drop And Pop
Chart courtesy of Scott Redler @RedDogT3 – $spx futures +5 after Friday’s reversal off lows. Levels and thoughts as we get price discovery.
During Thursday nights Globex session, the June S&P 500 futures (ESM19:CME) printed a high of 2756.75, a low of 2727.75, and opened Friday’s regular trading hours at 2732.00. After the bell, the futures down ticked to 2726.50, then, after making a few higher lows, traded up to 2741.75 just before 10 am.
The ES had several drops, and even larger pops throughout the session. Late in the day the futures rallied 20 handles, and printed 2742.25 on the 2:45 cash imbalance when the MiM reveal showed $1.2 billion to sell, then went on to rally into the close, printing 2748.00 at 3:00, and 2752.00 on the 3:15 futures close.
In the end, the overall tone of the ES was weak early in the day, and strong late in the day. In terms of the days overall trade, total volume was high, 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 | 1347 | 1431 | 81 | 0.01 | 34.75 | chart |
| normal-13 | 1026 | 1120 | 85 | 0.01 | 24.50 | chart |
| normal-11 | 1347 | 1431 | 91 | 0.01 | 26.25 | chart |
| normal-8 | 1347 | 1431 | 88 | 0.01 | 24.75 | chart |
| normal-5 | 1524 | 1559 | 100 | 0.01 | 24.50 | chart |
| taylorPlus-13 | 1015 | 1110 | 92 | 0.02 | 48.50 | chart |
| taylorPlus-11 | 1013 | 1112 | 100 | 0.02 | 41.75 | chart |
| taylorPlus-8 | 1013 | 1112 | 100 | 0.01 | 38.00 | chart |
| taylorPlus-5 | 1529 | 1559 | 100 | 0.01 | 23.00 | chart |
| taylor3-21 | 1320 | 1403 | 86 | 0.02 | 43.75 | chart |
| taylor3-13 | 1328 | 1401 | 100 | 0.01 | 29.00 | chart |
| taylor3-11 | 1328 | 1401 | 100 | 0.01 | 26.00 | chart |
| taylor3-8 | 1329 | 1404 | 100 | 0.01 | 20.25 | chart |
| taylor3-5 | 1333 | 1403 | 100 | 0.00 | 13.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 0941 | 1013 | -85 | -0.02 | -46.25 | chart |
| normal-11 | 1141 | 1218 | -91 | -0.01 | -32.00 | chart |
| normal-8 | 0933 | 1026 | -100 | -0.02 | -60.25 | chart |
| normal-5 | 0930 | 1020 | -100 | -0.02 | -44.50 | chart |
| taylorPlus-13 | 1502 | 1537 | -85 | -0.01 | -16.75 | chart |
| taylorPlus-11 | 1459 | 1538 | -91 | -0.01 | -18.25 | chart |
| taylorPlus-8 | 0948 | 1029 | -87 | -0.01 | -15.75 | chart |
| taylorPlus-5 | 0941 | 1013 | -100 | -0.01 | -26.50 | chart |
| taylor3-21 | 1021 | 1054 | -81 | -0.04 | -113.75 | chart |
| taylor3-13 | 1441 | 1534 | -92 | -0.01 | -24.25 | chart |
| taylor3-11 | 1500 | 1537 | -91 | -0.01 | -27.50 | chart |
| taylor3-8 | 1011 | 1053 | -87 | -0.01 | -21.25 | chart |
| taylor3-5 | 1007 | 1053 | -100 | -0.01 | -19.75 | 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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