Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESM19:CME) | 2881.00 | -6.00 | -0.20% |
| DowJones (YMM19:CBT) | 26,012 | -53 | -0.20% |
| Nasdaq 100 (NQM19:CME) | 7473.25 | -45.00 | -0.59% |
| Russell 2000 (RTYM19:CME) | 1521.60 | +3.50 | +0.23% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp +0.05%, Hang Seng -0.05%, Nikkei -0.46%
- In Europe 11 out of 13 markets are trading higher: CAC +0.04%, DAX +0.48%, FTSE +0.16%
- Fair Value: S&P +6.26, NASDAQ +34.40, Dow +20.74
- Total Volume: 1.19 million ESM & 899 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes Jobless Claims 8:30 AM ET, Import and Export Prices 8:30 AM ET, EIA Natural Gas Report 10:30 AM ET, 30-Yr Bond Auction 1:00 PM ET, Fed Balance Sheet & Money Supply 4:30 PM ET.
S&P 500 Futures: Low Volume And Weak Price Action
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F Today’s 3D pivot range held. No rally, however buyers still managed to close above to retain control. #consolidation
After trading down to 2875.25 on Tuesday nights Globex session, the S&P 500 futures rallied to open Wednesdays regular trading hours at 2833.00. The ES initially rallied to test the overnight high at 2891.00, but only got as far as 2889.75, before heading back down to test the low.
After failing to print a new low, the futures drifted sideways in a 10 handle range for the rest of the day.
Going into the close, when the MiM came out showing $830M to buy, the ES was trading at 2879.00, it would then go on to print 2880.50 on the 3:00 cash close, and 2881.00 on the 3:15 futures close, down -6.00 handles on the day.
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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 | 1014 | 1047 | 81 | 0.03 | 85.50 | chart |
| normal-13 | 1224 | 1313 | 85 | 0.01 | 27.50 | chart |
| normal-11 | 1236 | 1315 | 91 | 0.01 | 33.00 | chart |
| normal-8 | 1237 | 1326 | 88 | 0.01 | 29.25 | chart |
| normal-5 | 1027 | 1111 | 80 | 0.01 | 20.75 | chart |
| taylorPlus-21 | 0955 | 1032 | 95 | 0.04 | 108.75 | chart |
| taylorPlus-13 | 0951 | 1044 | 100 | 0.04 | 102.25 | chart |
| taylorPlus-11 | 0951 | 1044 | 100 | 0.03 | 93.00 | chart |
| taylorPlus-8 | 0952 | 1044 | 100 | 0.03 | 87.75 | chart |
| taylorPlus-5 | 0952 | 1035 | 100 | 0.02 | 50.00 | chart |
| taylor3-21 | 1252 | 1341 | 81 | 0.01 | 38.25 | chart |
| taylor3-13 | 1040 | 1137 | 92 | 0.02 | 61.00 | chart |
| taylor3-11 | 1040 | 1137 | 100 | 0.02 | 57.25 | chart |
| taylor3-8 | 1040 | 1137 | 100 | 0.02 | 45.75 | chart |
| taylor3-5 | 1058 | 1144 | 100 | 0.01 | 29.75 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1359 | 1455 | -86 | -0.03 | -72.75 | chart |
| normal-13 | 1136 | 1220 | -92 | -0.01 | -33.75 | chart |
| normal-11 | 1131 | 1222 | -100 | -0.02 | -50.50 | chart |
| normal-8 | 1134 | 1221 | -100 | -0.01 | -36.75 | chart |
| normal-5 | 1134 | 1221 | -100 | -0.01 | -18.25 | chart |
| taylorPlus-13 | 1400 | 1453 | -85 | -0.01 | -38.00 | chart |
| taylorPlus-11 | 1400 | 1453 | -100 | -0.01 | -40.75 | chart |
| taylorPlus-8 | 1400 | 1455 | -100 | -0.01 | -41.50 | chart |
| taylorPlus-5 | 1400 | 1454 | -100 | -0.01 | -22.50 | chart |
| taylor3-13 | 1451 | 1543 | -85 | -0.02 | -50.00 | chart |
| taylor3-11 | 1451 | 1543 | -91 | -0.02 | -50.00 | chart |
| taylor3-8 | 1444 | 1542 | -100 | -0.02 | -57.75 | chart |
| taylor3-5 | 1448 | 1542 | -100 | -0.01 | -33.75 | chart |
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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