Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESM19:CME) | 2889.25 | +14.25 | +0.49% |
| DowJones (YMM19:CBT) | 26,086 | +78 | +0.30% |
| Nasdaq 100 (NQM19:CME) | 7515.50 | +96.00 | +1.29% |
| Russell 2000 (RTYM19:CME) | 1522.60 | +10.00 | +0.66% |
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed higher: Shanghai Comp +2.58%, Hang Seng +0.76%, Nikkei +0.33%
- In Europe 13 out of 13 markets are trading higher: CAC +0.79%, DAX +1.32%, FTSE +0.48%
- Fair Value: S&P +0.50, NASDAQ +2.75, Dow +7.78
- Total Volume: 1.4 million ESM & 157 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes 8-Week Bill Settlement, NFIB Small Business Optimism Index 6:00 AM ET, PPI-FD 8:30 AM ET, and Redbook 8:55 AM ET.
S&P 500 Futures: Down But Still Up
Chart courtesy of Scott Redler @RedDogT3 – $spx futures +14 as this is Day#7 2904 is yesterday’s high then next level is 2918-2923. The All time high is 2954.
The S&P 500 futures (ESM19:CME) gapped higher Sunday night to open the Globex session at 2893.25. After printing a high at 2898.00, it started to fall back, eventually trading down to 2880.50, which would remain the session low.
The ES went on to rally into the RTH open, where it printed 2890.75, and continued to rally for the rest of the morning. By 11:00, the futures had topped out at 2905.50, and began to ease back a little.
After pulling back to 2895.50, the ES went on to trade sideways in a 5 handle range well into the afternoon. Just before 1:00, sellers stepped in and pulled the futures back through the opening range to make a new RTH low at 2886.75.
After a little back and fill up to 2895.50, the ES traded back down going into the end of the day, and printed 2890.25 on the 3:00 cash close, and 2889.75 on the 3:15 futures close.
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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 | 1044 | 81 | 0.03 | 90.50 | chart |
| normal-11 | 1234 | 1312 | 91 | 0.01 | 33.25 | chart |
| normal-8 | 1235 | 1315 | 100 | 0.01 | 32.25 | chart |
| normal-5 | 1032 | 1131 | 100 | 0.01 | 37.00 | chart |
| taylorPlus-21 | 1228 | 1314 | 81 | 0.01 | 40.25 | chart |
| taylorPlus-13 | 1152 | 1240 | 100 | 0.02 | 52.75 | chart |
| taylorPlus-11 | 1152 | 1242 | 100 | 0.02 | 56.50 | chart |
| taylorPlus-8 | 1152 | 1241 | 100 | 0.02 | 49.50 | chart |
| taylorPlus-5 | 1152 | 1251 | 100 | 0.01 | 24.50 | chart |
| taylor3-21 | 1306 | 1405 | 86 | 0.02 | 64.25 | chart |
| taylor3-13 | 1323 | 1408 | 100 | 0.01 | 34.50 | chart |
| taylor3-11 | 1323 | 1408 | 100 | 0.01 | 32.00 | chart |
| taylor3-8 | 1504 | 1555 | 100 | 0.02 | 53.25 | chart |
| taylor3-5 | 1504 | 1558 | 100 | 0.02 | 54.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1359 | 1455 | -81 | -0.02 | -54.25 | chart |
| normal-13 | 1359 | 1430 | -92 | -0.01 | -32.50 | chart |
| normal-11 | 1359 | 1456 | -91 | -0.02 | -45.50 | chart |
| normal-8 | 1131 | 1222 | -100 | -0.01 | -33.75 | chart |
| normal-5 | 1144 | 1216 | -100 | -0.00 | -12.25 | chart |
| taylorPlus-21 | 0940 | 1013 | -81 | -0.02 | -66.50 | chart |
| taylorPlus-13 | 0939 | 1013 | -92 | -0.01 | -31.50 | chart |
| taylorPlus-11 | 0939 | 1013 | -91 | -0.01 | -29.00 | chart |
| taylorPlus-8 | 0939 | 1013 | -87 | -0.01 | -21.75 | chart |
| taylorPlus-5 | 0939 | 1013 | -100 | -0.01 | -15.50 | chart |
| taylor3-13 | 1113 | 1146 | -92 | -0.01 | -37.50 | chart |
| taylor3-11 | 1056 | 1154 | -91 | -0.02 | -70.50 | chart |
| taylor3-8 | 1056 | 1154 | -87 | -0.02 | -46.25 | chart |
| taylor3-5 | 1100 | 1159 | -100 | -0.02 | -48.00 | 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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