Rising Global Growth Fears

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 6 out of 11 markets closed higher: Shanghai Comp +0.16%, Hang Seng -0.03%, Nikkei +0.62%
• In Europe 12 out of 13 markets are trading lower: CAC -0.70%, DAX -0.61%, FTSE -0.45%
• Fair Value: S&P +3.82, NASDAQ +23.86, Dow +21.51
• Total Volume: 1.98mil ESH & 6,078 SPH traded in the pit

_{As of 8:00 AM EST}

Today’s Economic Calendar:

Today’s economic calendar includes a 3-Yr Note Settlement, a 10-Yr Note Settlement, a 30-Yr Bond Settlement, Empire State Mfg Survey 8:30 AM ET, Housing Market Index 10:00 AM ET, and Treasury International Capital 4:00 PM ET.

S&P 500 Futures: Brexit, Rates, China Trade Wars, Global Grown Concerns, Trump Investigations, Whats Next?

Chart courtesy of @Chicagostock – $ES_F Successful retest of the month low? Monday’s 3D pivot range above for sellers to defend/buyers to overcome. Move through Friday 2640 high to reverse Friday’s break. Close above 2631 positive for bulls. Failure to overcome 2630 keeps sellers in control.

By nature most people try to keep a positive outlook, but recently that’s been harder to do. The S&P 500 futures sold off after Thursday’s close, then sold off on Globex Thursday night, and had another sharp decline during Friday’s session, trading all the way down to 2609.50 at exactly 12:00 ET.

On Friday’s 8:30 open, the S&P printed 2628.75 and pushed up to the early high of day at 2639.75, before making a series of lower highs and lower lows, first to 2623.00, then after a 13.25 handle bounce sold off down to 2609.50 for the morning low, in a quiet, drippy faucet type of price action, with only an 8.25 handle rally in between.

The early afternoon was more of the same, as the ES rallied to 2623.00 but then chopped lower and made a low of 2607.50. After a small bounce the futures made several new lows down to 2592.25, and went on to print 2604.00 on the 3:00 close, before settling the day at 2605.25, down -44.25 handles, or -1.67%.

We will be hosting a FREE webinar with our partners at NOFT this Thursday at 7:00pm EST featuring ‘Trading tools that make you feel like you’re cheating.’

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

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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.

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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.}