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Index Futures Net Changes and Settlements:

Contract

Settlement

Net Change

+/-%

S&P 500 (ESM19:CME)

2912.50

+2.50

+0.08%

DowJones (YMM19:CBT)

26,513

-53

-0.19%

Nasdaq 100 (NQM19:CME)

7734.75

+22.25

+0.28%

Russell 2000 (RTYM19:CME)

1564.10

-4.90

-0.31%


Foreign Markets, Fair Value and Volume:

  • In Asia 6 out of 11 markets closed higher: Shanghai Comp -0.51%, Hang Seng -0.01%, Nikkei +0.19%
  • In Europe 9 out of 13 markets closed lower: CAC -0.14%, DAX -0.23%, FTSE +0.47%
  • Fair Value: S&P +3.00, NASDAQ +17.08, Dow -6.53
  • Total Volume: 703k ESM & 46 SPM traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes the 8-Week Bill Settlement, Redbook 8:55 AM ET, FHFA House Price Index 9:00 AM ET, New Home Sales 10:00 AM ET, and the Richmond Fed Manufacturing Index 10:00 AM ET.


S&P 500 Futures: Thin-To-Win Takes Over

Chart courtesy of Stewart Solaka @Chicagostock$ES_F 2nd daily close > 3D pivot, bulls fighting to recover last week’s broken trend. Any more bullets left to defend Tuesday’s range? Failure to do so, opens door to last week’s low, trapping new supply that’s been fighting last 2 days. Bull must close > pivot to retain control.

During Sunday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2915.75, a low of 2899.00, and opened Monday’s regular trading hours at 2900.00.

The first move after the 8:30 CT bell was a test of the Globex low at 2899.00, followed by a rally up 2909.00, completing a MrTopStep 10 Handle Rule in the first half hour of trading. After a pullback down to 2903.75, the ES continued its move higher, and by 10:45 had traded up to 2910.75.

Once the morning high was in, the futures drifted sideways, in a 3 handle range, well into the afternoon. Going into the close, when the MiM revealed just over $100M to sell MOC, the ES was trading at 2910.50. From there, it started to rally a little, then went on to trade 2911.50 on the 3:00 cash close, and 2912.75 on the 3:15 futures close, up +2.50 handles, or +0.08%.

In the end, the overall tone of the ES was firm. In terms of the days overall trade, total volume was lite due to the holiday in Europe, with just over 700k 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_FLONG
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2114471520900.0124.25chart
normal-1314471520920.0014.25chart
normal-11144915201000.0117.75chart
normal-8143815191000.0118.25chart
normal-5121112571000.0010.25chart
taylorPlus-2115081544860.0243.00chart
taylorPlus-1315121544920.0122.25chart
taylorPlus-11151415451000.0131.75chart
taylorPlus-8122613251000.0128.50chart
taylorPlus-5145015451000.0116.00chart
taylor3-1312491341850.0129.50chart
taylor3-1112501341820.0130.25chart
taylor3-812501341880.0126.50chart
taylor3-5144815401000.0013.25chart
ES_FSHORT
TypeEntryExitTrade %Profit %PointsHeatMap
normal-1109301017-82-0.01-36.00chart
normal-809481040-100-0.01-33.50chart
normal-509471045-100-0.01-29.00chart
taylorPlus-1111021136-82-0.01-32.25chart
taylorPlus-811021136-87-0.01-33.75chart
taylorPlus-510541146-100-0.00-14.25chart
taylor3-1311161152-85-0.01-40.25chart
taylor3-1109471046-82-0.01-36.50chart
taylor3-810211101-100-0.01-33.50chart
taylor3-510021053-100-0.00-12.75chart

Get All of Today’s HotSpots Here


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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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Danny Riley (3132 Posts)

Danny Riley has worked in the futures and options industry for 38 years, including the CBOT’s bond room, where he worked for several of the Market Wizards. He went on to build the largest volume desk in the S&P 500 Index Futures, serving some of the largest banks and hedge funds, the UBS program trading business, and some of the world's top individual traders. As a leader and co-creator of the MrTopStep IM-Pro Trading Room, he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.


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