Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESU19:CME) | 2883.25 | +27.75 | +0.97% |
| DowJones (YMU19:CBT) | 25,943 | +273 | +1.06% |
| Nasdaq 100 (NQU19:CME) | 7590.50 | +86.00 | +1.14% |
| Russell 2000 (RTYU19:CME) | 1480.30 | +16.60 | +1.13% |
Foreign Markets, Fair Value and Volume:
- In Asia 8 out of 11 markets closed higher: Shanghai Comp +1.35%, Hang Seng -0.06%, Nikkei +0.96%
- In Europe 11 out of 13 markets are trading higher: CAC +0.27%, DAX +0.55%, FTSE -0.14%
- Fair Value: S&P -0.08, NASDAQ +4.86, Dow -11.91
- Total Volume: 1.84 million ESU & 207 SPU traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the 8-Week Bill Settlement, Redbook 8:55 AM ET, S&P Corelogic Case-Shiller HPI 9:00 AM ET, FHFA House Price Index 9:00 AM ET, Consumer Confidence 10:00 AM ET, and the Richmond Fed Manufacturing Index 10:00 AM ET.
S&P 500 Futures: ES Rebounds
Chart courtesy of Scott Redler @RedDogT3 – $spx futures +6 as the bigger range is defined. Now we see if it constricts a bit. See if it stays above 2879 or not. Resistance above is 2900 then the major is 2935. If the open is sold 2856 is below then 2822-2835 (take trades).
During Sunday night’s Globex session, the S&P 500 futures gapped lower to open at 2831.00, -24 handles from Friday’s settlement, and traded down to a low at 2810.25 in the first 5 minutes of the session.
Optimistic Trump tweets about a positive conversation with president Xi of China helped propel the futures higher for the rest of the night session, and after printing a high at 2888.50, the ESU opened Monday’s regular trading hours (RTH) at 2872.50, +17 handles.
Once the 8:30 CT bell rang, the ESU did some back and fill down to 2855.25, and that would remain the RTH low. The futures spent the rest of the session grinding higher, but unable to take out the Globex high.
Even when the MiM reveal came out showing just over $400 million to sell MOC, the ES continued to trade higher into the end of the day, printing 2879.50 on the 3:00 cash close, and 2883.25 on the 3:15 futures close, +27.75 handles.
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As always, please use protective buy and sell stops when trading futures and options.
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