Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2807.00 |
-80.00 |
-2.77% |
|
DowJones (YMM19:CBT) |
25,281 |
-683 |
-2.63% |
|
Nasdaq 100 (NQM19:CME) |
7314.75 |
-295.75 |
-3.88% |
|
Russell 2000 (RTYM19:CME) |
1520.10 |
-58.50 |
-3.70% |
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed lower: Shanghai Comp -0.69%, Hang Seng -1.50%, Nikkei -0.59%
- In Europe 13 out of 13 markets closed higher: CAC +1.15%, DAX +0.60%, FTSE +0.92%
- Fair Value: S&P +1.10, NASDAQ +8.93, Dow -12.70
- Total Volume: 2.76 million ESM & 343 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes the 8-Week Bill Settlement, John Williams Speaks 3:15 AM ET, NFIB Small Business Optimism Index 6:00 AM ET, Import and Export Prices 8:30 AM ET, Redbook 8:55 AM ET, and Esther George Speaks 12:45 PM ET.
S&P 500 Futures: Upside Gap To Fill
Chart courtesy of Scott Redler @RedDogT3 – $spx futures +14 as the oscillator hit -60 (oversold). Now we see the type of bounce. Resistance#1 is 2825, then 2840. (Here is where sellers will probably try and make a stand. (Be careful playing a bounce, make sure to map out where resistance comes into play).
After gapping lower to open Sunday nights Globex session at 2858.50, the S&P 500 futures (ESM19:CME) printed a high of 2869.25, a low of 2826.00, and opened Monday’s regular trading hours at 2826.75.
The overnight weakness continued into the day session, but not before a quick pop up to 2837.75 after the 8:30 CT bell. Heavy selling pressure took the ES down to an early low at 2813.50, and from there did a little back and fill up to 2828.25, before heading lower again.
It was a steady grind lower, and by 12:30 the futures had bottomed out at 2802.00. From there, the ES turned around, and started creeping back up for the next few hours, eventually trading up to 2825.00
Going into the close, the futures began to back off once again, and when the 2:45 cash imbalance reveal came out showing $560M to buy MOC, it was trading at 2807.75. The ES then went on to print 2813.00 on the 3:00 cash close, and 2806.75 on the 3:15 futures close, down -80.25 handles on the day.
In the end, the overall tone of the ES was weak. In terms of the days overall trade, total volume was high, with 2.8 million 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_F | LONG | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1201 | 1239 | 86 | 0.02 | 62.00 | chart |
| normal-13 | 1320 | 1408 | 100 | 0.02 | 48.00 | chart |
| normal-11 | 1320 | 1408 | 100 | 0.02 | 44.50 | chart |
| normal-8 | 1152 | 1240 | 100 | 0.02 | 64.50 | chart |
| normal-5 | 1151 | 1238 | 100 | 0.02 | 59.75 | chart |
| taylorPlus-21 | 0939 | 1031 | 86 | 0.02 | 53.75 | chart |
| taylorPlus-13 | 0940 | 1026 | 92 | 0.02 | 53.00 | chart |
| taylorPlus-11 | 0939 | 1026 | 91 | 0.01 | 39.00 | chart |
| taylorPlus-8 | 1204 | 1301 | 100 | 0.01 | 28.25 | chart |
| taylorPlus-5 | 0939 | 1026 | 100 | 0.01 | 30.25 | chart |
| taylor3-21 | 1354 | 1431 | 81 | 0.01 | 33.50 | chart |
| taylor3-13 | 1248 | 1347 | 85 | 0.01 | 34.25 | chart |
| taylor3-11 | 1248 | 1347 | 91 | 0.01 | 29.25 | chart |
| taylor3-8 | 1059 | 1156 | 88 | 0.01 | 31.00 | chart |
| taylor3-5 | 1106 | 1156 | 100 | 0.01 | 33.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1507 | 1543 | -91 | -0.01 | -21.00 | chart |
| normal-8 | 1000 | 1039 | -87 | -0.02 | -47.50 | chart |
| normal-5 | 0942 | 1041 | -100 | -0.03 | -82.50 | chart |
| taylorPlus-11 | 1116 | 1203 | -82 | -0.01 | -40.00 | chart |
| taylorPlus-8 | 1116 | 1203 | -87 | -0.01 | -32.50 | chart |
| taylorPlus-5 | 1507 | 1548 | -100 | -0.00 | -13.25 | chart |
| taylor3-8 | 1303 | 1337 | -87 | -0.00 | -4.75 | chart |
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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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