Most Important Midterm Elections In The History Of The United States?

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 6 out of 11 markets closed higher: Shanghai Comp -0.23%, Hang Seng +0.72%, Nikkei +1.14%
• In Europe 11 out of 13 markets are trading lower: CAC -0.37%, DAX -0.23%, FTSE -0.89%
• Fair Value: S&P -0.46, NASDAQ +6.13, Dow -40.04
• Total Volume: 1.30mil ESZ & 756 SPZ traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes Redbook 8:55 AM ET, JOLTS 10:00 AM ET, 10-Yr Note Auction 1:00 PM ET, and Treasury STRIPS 3:00 PM ET.

S&P 500 Futures: Pre-Election Rotation, Buy Dow And S&P / Sell Nasdaq

Chart courtesy of @Chicagostock – Today (election day), will be 1 wk since bear trap <2640. Tues intraday pivot range narrow again. Buyers must defend to get another shot at Friday’s failed b/o. Failure to hold 3D opens door to Fri low again. Doing so, traps longs >2707 giving way to retrace down to 2660.

After a big selloff after last Friday’s job report, the S&P 500 futures traded up to 2729.50 on Sunday nights Globex session, and opened at 2727.75, up +4.5 handles, Monday’s 8:30 CT regular session open. The first move was a trade up to an early high 2733.25. After that, the NQ got weak and dragged the ES down to an early low at 2717.00, before bouncing back up to 2734.25, one handle higher than the early high.

Once the new high was in, the ES sold back off just below the vwap at 2724.25, back and filled for a few hours, and then did a big stop run up to new highs at 2734.75 around 1:45 CT. The next move was back down to the 2732.00 area, as the Mim started to show $165 million to sell. On the 3:00 cash close the ES traded 2738.00, and then went on to settle at 2739.00 on the 3:15 futures close, up +14.75 handles, or +0.54% on the day.

In the end, the overall price action of the ES was positive, but was also being held back by the weakness in the NQ. In terms of the days overall trade, it was the lowest volume in over three weeks, as traders cut back going into today’s elections.

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.

Lookbacks:

The lookback period (number of days) is set at 21,13,11,8 and 5 days. A heat-map is generated for each of these lookback periods, the best trade from day is scored.
The period of time that has consistently produced the best results becomes the hotspot for that look back. There are also different look-back types like Taylor and Taylor Plus.
Taylor cycles are usually 3-day cycles. A Taylor-5 look-back would use the last 5 trading days skipping back by 3 trading days. Taylor Plus uses calendar days so weekends and none
trading days are counted as part of the skip count. If a lookback period falls on a none trading day, it is not used so a TaylorPlus will continue skipping back until 5 trading days are found for the heatmap calculation.

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.}