Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2866.00 |
+22.00 |
+0.77% |
|
DowJones (YMM19:CBT) |
25,875 |
+179 |
+0.69% |
|
Nasdaq 100 (NQM19:CME) |
7464.00 |
+72.25 |
+0.97% |
|
Russell 2000 (RTYM19:CME) |
1546.30 |
+19.50 |
+1.27% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp -0.49%, Hang Seng +0.18%, Nikkei +0.05%
- In Europe 10 out of 13 markets closed lower: CAC -0.37%, DAX -0.27%, FTSE +0.11%
- Fair Value: S&P +1.25, NASDAQ +9.48, Dow -6.72
- Total Volume: 1.27 million ESM & 227 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes James Bullard Speaks 1:00 AM ET, MBA Mortgage Applications 7:00 AM ET, John Williams Speaks 10:00 AM ET, Raphael Bostic Speaks 10:10 AM ET, Robert Kaplan Speaks 10:15 AM ET, EIA Petroleum Status Report 10:30 AM ET, FOMC Minutes 2:00 PM ET, and Raphael Bostic Speaks 4:00 PM ET.
S&P 500 Futures: Quiet Day Of Upside
Chart courtesy of Scott Redler @RedDogT3 – $spx futures -7 as we’ll see if tech leads this wedge lower.
During Monday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2863.50, a low of 2846.25, and opened Tuesday’s regular trading hours at 2859.25.
Going into the RTH open, the ES had been trading sideways in a 7 handle range for several hours, and the same price action continued after the 8:30 CT bell. At 9:30 the futures finally broke out and made a move to the upside, printing a new high for the day at 2870.75.
Once the high had been established, the ES once again began to drift sideways, this time extending the range to 10 handles.
There was no change going into the close. When the MiM revealed $930 million to buy MOC, the ES was hovering around its highs, but wasn’t able to trade above 2869.75. It would then go on to print 2866.25 on the 3:00 cash close, and 2866.00 on the 3:15 futures close, up +22 handle for the day.
It was a quiet day all around. Volume was low, with only 1.2 million ES contracts traded, and the RTH range was tight.
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 | 1600 | 1600 | 86 | 0.02 | 49.25 | chart |
| normal-13 | 1006 | 1047 | 92 | 0.02 | 60.75 | chart |
| normal-11 | 1013 | 1047 | 91 | 0.02 | 57.75 | chart |
| normal-8 | 1013 | 1101 | 88 | 0.02 | 66.00 | chart |
| normal-5 | 0931 | 1030 | 100 | 0.03 | 76.25 | chart |
| taylorPlus-21 | 1042 | 1141 | 86 | 0.02 | 55.75 | chart |
| taylorPlus-13 | 1042 | 1141 | 85 | 0.01 | 30.00 | chart |
| taylorPlus-11 | 1344 | 1430 | 91 | 0.01 | 22.50 | chart |
| taylorPlus-8 | 1104 | 1200 | 100 | 0.01 | 25.00 | chart |
| taylorPlus-5 | 1345 | 1428 | 100 | 0.01 | 24.00 | chart |
| taylor3-21 | 1248 | 1347 | 81 | 0.01 | 41.00 | chart |
| taylor3-13 | 1248 | 1347 | 92 | 0.01 | 34.50 | chart |
| taylor3-11 | 1045 | 1139 | 91 | 0.01 | 42.00 | chart |
| taylor3-8 | 1018 | 1115 | 100 | 0.02 | 47.00 | chart |
| taylor3-5 | 1006 | 1052 | 100 | 0.01 | 38.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-8 | 1202 | 1242 | -87 | -0.00 | -3.25 | chart |
| normal-5 | 1202 | 1242 | -100 | -0.00 | -8.75 | chart |
| taylorPlus-21 | 0948 | 1024 | -81 | -0.02 | -67.00 | chart |
| taylorPlus-13 | 0947 | 1045 | -85 | -0.02 | -62.50 | chart |
| taylorPlus-11 | 1002 | 1055 | -91 | -0.01 | -34.75 | chart |
| taylorPlus-8 | 0948 | 1042 | -87 | -0.02 | -51.75 | chart |
| taylorPlus-5 | 1502 | 1541 | -100 | -0.01 | -42.75 | chart |
| taylor3-8 | 1507 | 1550 | -87 | -0.01 | -21.75 | chart |
| taylor3-5 | 1451 | 1549 | -100 | -0.01 | -37.00 | 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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