Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2810.50 |
-12.50 |
-0.44% |
|
DowJones (YMM19:CBT) |
25,660 |
-16 |
-0.06% |
|
Nasdaq 100 (NQM19:CME) |
7334.50 |
-42.25 |
-0.57% |
|
Russell 2000 (RTYM19:CME) |
1526.30 |
-5.60 |
-0.35% |
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed lower: Shanghai Comp -0.92%, Hang Seng +0.16%, Nikkei -1.61%
- In Europe 7 out of 13 markets are trading higher: CAC -0.02%, DAX +0.18%, FTSE +0.52%
- Fair Value: S&P +4.49, NASDAQ +26.79, Dow +11.84
- Total Volume: 1.72mil ESM & 142 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes the 52-Week Bill Settlement, GDP 8:30 AM ET, Jobless Claims 8:30 AM ET, Corporate Profits 8:30 AM ET, Pending Home Sales Index 10:00 AM ET, EIA Natural Gas Report 10:30 AM ET, Kansas City Fed Manufacturing Index 11:00 AM ET, Raphael Bostic Speaks 11:30 AM ET, John Williams Speaks 1:15 PM ET, John Williams Speaks 2:30 PM ET, Farm Prices 3:00 PM ET, Fed Balance Sheet & Money Supply 4:30 PM ET, and James Bullard Speaks 6:20 PM ET.
S&P 500 Futures: 10 Yield Scares the #ES
Chart courtesy of Stewart Solaka @Chicagostock – $ES_F Thursday’s 3D pivot range narrowed. Opportunity for volatility expansion, range breakout. Pivots still above, sellers in control. Close above needed to attempt reversal of negative momentum.
During Tuesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2831.75, a low of 2814.00, and opened Wednesday’s regular trading hours at 2824.25.
The first move after the 8:30 CT bell was a quick pop up to 2831.00 to test the Globex high, followed by a dip down 2817.50. From there, the futures took another shot at the highs, but fell short, and double topped at 2828.50. After that, the ES spent the rest of the morning selling off, printing a low 2791.50 just before 11:00 CT. It was a relentless selloff with very few pullbacks.
As European markets closed, the ES began to recover, and by noon had traded back up to 2806.00. The strength continued well into the afternoon, and the futures eventually rallied to 2814.75. As the final hour rolled around, the ES began to fall back a little, trading down to 2806.50, but buy imbalances began to show up around 2:30, helping push the futures up to 2816.25.
Going into the end of the day, the ES traded 2813.75 when the 2:45 cash imbalance reveal showed $732M to buy, then traded 2810.00 on the 3:00 cash close, and 2810.25 on the 3:15 futures close.
In the end, the overall tone of the ES was balanced, showing weakness early in the day, and strength later in the day. In terms of the days overall trade, total volume was a little higher, with 1.7 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 | 1249 | 1319 | 81 | 0.02 | 45.50 | chart |
| normal-13 | 1250 | 1331 | 85 | 0.01 | 33.00 | chart |
| normal-11 | 1248 | 1318 | 91 | 0.01 | 29.75 | chart |
| normal-8 | 1402 | 1449 | 100 | 0.01 | 37.50 | chart |
| normal-5 | 1244 | 1315 | 100 | 0.01 | 32.50 | chart |
| taylorPlus-21 | 1112 | 1205 | 81 | 0.02 | 57.00 | chart |
| taylorPlus-13 | 1347 | 1445 | 85 | 0.01 | 34.00 | chart |
| taylorPlus-11 | 1248 | 1331 | 91 | 0.01 | 28.25 | chart |
| taylorPlus-8 | 1248 | 1319 | 100 | 0.01 | 28.75 | chart |
| taylorPlus-5 | 0959 | 1056 | 100 | 0.01 | 24.75 | chart |
| taylor3-21 | 1019 | 1114 | 81 | 0.02 | 55.50 | chart |
| taylor3-13 | 1016 | 1047 | 92 | 0.01 | 35.00 | chart |
| taylor3-11 | 1023 | 1115 | 91 | 0.01 | 28.75 | chart |
| taylor3-8 | 1016 | 1049 | 100 | 0.01 | 21.25 | chart |
| taylor3-5 | 1022 | 1121 | 100 | 0.01 | 34.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1445 | 1523 | -86 | -0.01 | -40.00 | chart |
| normal-13 | 1213 | 1257 | -85 | -0.01 | -24.75 | chart |
| normal-11 | 1213 | 1257 | -82 | -0.01 | -23.00 | chart |
| normal-8 | 1449 | 1522 | -87 | -0.01 | -19.75 | chart |
| normal-5 | 1133 | 1229 | -100 | -0.01 | -27.00 | chart |
| taylorPlus-13 | 1036 | 1111 | -85 | -0.01 | -33.25 | chart |
| taylorPlus-11 | 1035 | 1112 | -82 | -0.01 | -28.50 | chart |
| taylorPlus-8 | 1132 | 1219 | -87 | -0.02 | -48.00 | chart |
| taylorPlus-5 | 1314 | 1359 | -100 | -0.01 | -27.25 | chart |
| taylor3-11 | 0941 | 1016 | -82 | -0.02 | -62.00 | chart |
| taylor3-8 | 0941 | 1016 | -87 | -0.02 | -51.50 | chart |
| taylor3-5 | 0939 | 1018 | -100 | -0.01 | -39.00 | 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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