Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2862.00 |
-16.50 |
-0.57% |
|
DowJones (YMM19:CBT) |
25,780 |
-87 |
-0.33% |
|
Nasdaq 100 (NQM19:CME) |
7511.50 |
-88.75 |
-1.16% |
|
Russell 2000 (RTYM19:CME) |
1537.60 |
-22.30 |
-1.42% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp -0.41%, Hang Seng -0.57%, Nikkei +0.24%
- In Europe 12 out of 13 markets closed lower: CAC -1.47%, DAX -1.43%, FTSE -0.89%
- Fair Value: S&P +1.44, NASDAQ +10.06, Dow -4.01
- Total Volume: 1.92 million ESM & 284 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Chicago Fed National Activity Index 8:30 AM ET, Raphael Bostic Speaks 8:50 AM ET, Patrick Harker Speaks 9:30 AM ET, John Williams Speaks 1:00 PM ET, Richard Clarida Speaks 1:00 PM ET, and Jerome Powell Speaks 7:00 PM ET.
S&P 500 Futures: Late China Headlines Weaken The Index Markets
During Thursday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2882.50, a low of 2852.50, and opened Friday’s regular trading hours at 2853.00.
After a 25 handle selloff overnight, the ES was able to gather some strength going into the 8:30 CT open, and traded up to an early high at 2867.50. From there, the futures did a little back and fill down to 2857.75, before buyers stepped in and started squeezing the overnight shorts. By 10:15 the ES had rallied up to 2887.25, 30 handles off the low.
Once the morning high was established, the futures made a run for some sell stops, eventually trading back down to 2869.00, before consolidating in a sideways range until the late afternoon. At 2:00, CNBC came out with a headline announcing that trade talks with China had stalled, and the ES tumbled down to 2857.50.
When the 2:45 cash imbalance reveal came out showing $1.3 Billion to sell, the ES had popped back up to 2864.25. It would then go on to print 2860.75 on the 3:00 cash close, and 2862.50 on the 3:15 futures close, ending the week on a low note, and down 16 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 1.9 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 | 1331 | 1426 | 95 | 0.02 | 54.00 | chart |
| normal-13 | 1331 | 1426 | 92 | 0.01 | 41.25 | chart |
| normal-11 | 1041 | 1114 | 91 | 0.02 | 51.00 | chart |
| normal-8 | 1331 | 1428 | 100 | 0.01 | 36.00 | chart |
| normal-5 | 1007 | 1101 | 100 | 0.02 | 69.75 | chart |
| taylorPlus-21 | 0939 | 1031 | 86 | 0.02 | 65.50 | chart |
| taylorPlus-13 | 0939 | 1026 | 92 | 0.02 | 53.50 | chart |
| taylorPlus-11 | 1009 | 1108 | 91 | 0.02 | 61.75 | chart |
| taylorPlus-8 | 1230 | 1300 | 100 | 0.01 | 15.50 | chart |
| taylorPlus-5 | 0930 | 1026 | 100 | 0.02 | 47.50 | chart |
| taylor3-21 | 1332 | 1417 | 86 | 0.01 | 36.75 | chart |
| taylor3-13 | 1441 | 1522 | 100 | 0.01 | 41.25 | chart |
| taylor3-11 | 1441 | 1522 | 100 | 0.01 | 30.50 | chart |
| taylor3-8 | 1150 | 1238 | 100 | 0.02 | 43.75 | chart |
| taylor3-5 | 1151 | 1234 | 100 | 0.02 | 47.25 | chart |
Get all of today’s HotSpots here!
SIGN UP HERE TO GET THE FULL MRTOPSTEP OPENING PRINT!
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.
No responses yet