Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2821.00 |
+10.50 |
+0.37% |
|
DowJones (YMM19:CBT) |
25,737 |
+77 |
+0.30% |
|
Nasdaq 100 (NQM19:CME) |
7352.00 |
+17.50 |
+0.23% |
|
Russell 2000 (RTYM19:CME) |
1540.20 |
+13.90 |
+0.91% |
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed higher: Shanghai Comp +3.20%, Hang Seng +0.96%, Nikkei +0.82%
- In Europe 11 out of 13 markets are trading higher: CAC +0.89%, DAX +0.97%, FTSE +0.42%
- Fair Value: S&P +4.26, NASDAQ +25.74, Dow +8.47
- Total Volume: 1.18mil ESM & 197 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes 10-Yr TIPS Settlement, Personal Income and Outlays 8:30 AM ET, John Williams Speaks 9:25 AM ET, Chicago PMI 9:45 AM ET, New Home Sales 10:00 AM ET, Consumer Sentiment 10:00 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.
S&P 500 Futures: #ES Trades Short
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F First close > 3D pivot since last Friday’s close below. If they wanted to get bids in the market to whack, they got it now. Friday’s 3D pivot range below market for buyers to defend. If Thurs turn good, should close above pivot. Close below pivot, rejects Thurs squeeze.
During Wednesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2817.25, a low of 2797.75, and opened Thursday’s regular trading hours at 2815.50.
After the 8:30 CT bell, the ES caught a bid, and by 9:30 ahd rallied up to a new high at 2824.25. Unable to break through the 2825 level, the futures turned south, and traded lower for the rest of the money, eventually bottoming out at 2802.50.
Going into the afternoon, the futures began to come back, and rallied back to 2816.75 by 1:30. From there, the ES continued to rally into the final hour of trading. When the 2:45 cash imbalance reveal showed $617M to buy futures traded 2820.00, then printed 2819.75 on the 3:00 cash close, and 2821.25 on the 3:15 futures close.
In the end, the overall tone of the ES was strong. In terms of the days overall trade, total volume was slightly lower, with 1.2 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 | 1249 | 1319 | 81 | 0.02 | 47.75 | chart |
| normal-13 | 1250 | 1331 | 85 | 0.01 | 33.50 | chart |
| normal-11 | 1248 | 1318 | 91 | 0.01 | 31.50 | chart |
| normal-8 | 1250 | 1320 | 100 | 0.01 | 38.50 | chart |
| normal-5 | 1244 | 1315 | 100 | 0.01 | 31.75 | chart |
| taylorPlus-21 | 1013 | 1112 | 90 | 0.04 | 104.50 | chart |
| taylorPlus-13 | 1013 | 1112 | 100 | 0.02 | 59.25 | chart |
| taylorPlus-11 | 1013 | 1110 | 100 | 0.02 | 50.75 | chart |
| taylorPlus-8 | 1024 | 1118 | 100 | 0.01 | 37.75 | chart |
| taylorPlus-5 | 1353 | 1449 | 100 | 0.01 | 31.50 | chart |
| taylor3-21 | 0957 | 1054 | 90 | 0.04 | 103.50 | chart |
| taylor3-13 | 0957 | 1054 | 92 | 0.01 | 35.25 | chart |
| taylor3-11 | 0953 | 1049 | 91 | 0.01 | 34.00 | chart |
| taylor3-8 | 1017 | 1103 | 100 | 0.01 | 36.00 | chart |
| taylor3-5 | 0930 | 1029 | 100 | 0.02 | 43.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1445 | 1523 | -81 | -0.01 | -34.50 | chart |
| normal-13 | 1151 | 1236 | -85 | -0.01 | -20.75 | chart |
| normal-11 | 1151 | 1236 | -82 | -0.01 | -19.25 | chart |
| normal-8 | 1207 | 1249 | -87 | -0.01 | -38.50 | chart |
| normal-5 | 1057 | 1153 | -100 | -0.02 | -64.00 | chart |
| taylorPlus-11 | 0943 | 1013 | -82 | -0.01 | -28.00 | chart |
| taylorPlus-8 | 0943 | 1013 | -87 | -0.01 | -22.25 | chart |
| taylorPlus-5 | 1217 | 1259 | -100 | -0.01 | -21.50 | chart |
| taylor3-13 | 1147 | 1220 | -92 | -0.01 | -17.00 | chart |
| taylor3-11 | 1147 | 1220 | -91 | -0.00 | -12.75 | chart |
| taylor3-8 | 1445 | 1526 | -100 | -0.01 | -18.50 | chart |
| taylor3-5 | 1143 | 1235 | -100 | -0.01 | -22.75 | 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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