Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2743.50 |
-6.00 |
-0.21% |
|
DowJones (YMH19:CBT) |
25,427 |
-61 |
-0.23% |
|
Nasdaq 100 (NQH19:CME) |
7019.75 |
+3.50 |
+0.04% |
|
Russell 2000 (RTYH19:CME) |
1544.60 |
+2.40 |
+0.15% |
Foreign Markets, Fair Value and Volume:
- In Asia 10 out of 11 markets closed lower: Shanghai Comp -1.37%, Hang Seng -1.87%, Nikkei -1.13%
- In Europe 13 out of 13 markets are trading higher: CAC +1.36%, DAX +1.29%, FTSE +0.45%
- Fair Value: S&P -0.45, NASDAQ +4.70, Dow -7.17
- Total Volume: 1.67mil ESH & 464 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Empire State Mfg Survey 8:30 AM ET, Import and Export Prices 8:30 AM ET, Industrial Production 9:15 AM ET, Raphael Bostic Speaks 9:55 AM ET, Consumer Sentiment 10:00 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.
S&P 500 Futures: #ES Shake, Rattle & Roll
Chart courtesy of @Chicagostock – $ES_F Last Friday’s failed b/o never retested to allow buyers chance to defend. Buyers forced to chase Tuesday/Wednesday as mkt ran away from 3D pivot support. Thursday 3D pivot tested, allowing buyers to defend, however unable to make new high. Friday range has narrowed…
Yesterday was all about big dips, big rips, and an overabundance of headline news. That’s exactly what the algorithmic and high frequency systems love, and what most retail traders hate.
As the title above says, there was a lot of shake, rattle and roll. After a drop overnight, then a big rally, the S&P 500 futures lost its momentum late in the day. The VIX closed at 16.22, up 3.46%, the ES settled at 2741.25, down -0.30%, the NQH closed at 7017.26, basically unchanged at +0.01%, and the YMH closed at 25,406.00, down 0.32%.
During Wednesday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2763.00, a low of 2736.00, and opened Thursday’s regular trading hours at 2739.00. The morning low print was 2730.00, and the morning high came in at 2748.25. The S&P’s traded 2739.50 on the 10:30 European close, and 2752.75 going into the noon hour.
The early afternoon saw a low of 2748.00, a high of 2758.25 and a print of 2750.00 going into the final hour of the day. The futures broke heading into the close, and traded 2751.25 on the 2:45 cash imbalance reveal, then printed 2745.50 on the 3:00 cash close, and settled the day at 2743.75 on the 3:15 futures close, down -5.75 handles, or -0.21%.
In the end, the overall tone of the ES was ‘mixed’. In terms of the days overall trade, total volume was higher, with 1.67 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 | 1317 | 1410 | 86 | 0.02 | 57.75 | chart |
| normal-13 | 1133 | 1215 | 92 | 0.02 | 41.00 | chart |
| normal-11 | 1505 | 1542 | 100 | 0.01 | 26.25 | chart |
| normal-8 | 1505 | 1542 | 100 | 0.01 | 18.25 | chart |
| normal-5 | 1132 | 1231 | 100 | 0.01 | 29.00 | chart |
| taylorPlus-21 | 1444 | 1523 | 81 | 0.02 | 55.00 | chart |
| taylorPlus-13 | 1020 | 1113 | 92 | 0.04 | 103.00 | chart |
| taylorPlus-11 | 1020 | 1118 | 91 | 0.04 | 91.50 | chart |
| taylorPlus-8 | 1317 | 1352 | 100 | 0.01 | 20.50 | chart |
| taylorPlus-5 | 0959 | 1057 | 100 | 0.01 | 29.00 | chart |
| taylor3-13 | 1320 | 1407 | 92 | 0.02 | 52.75 | chart |
| taylor3-11 | 1320 | 1407 | 100 | 0.02 | 61.25 | chart |
| taylor3-8 | 1320 | 1407 | 100 | 0.01 | 36.50 | chart |
| taylor3-5 | 1320 | 1407 | 100 | 0.01 | 26.50 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1046 | 1120 | -82 | -0.01 | -25.50 | chart |
| normal-8 | 1102 | 1135 | -100 | -0.01 | -35.25 | chart |
| normal-5 | 1102 | 1132 | -100 | -0.01 | -16.25 | chart |
| taylorPlus-13 | 1353 | 1428 | -85 | -0.01 | -33.25 | chart |
| taylorPlus-11 | 1402 | 1459 | -82 | -0.01 | -21.50 | chart |
| taylorPlus-8 | 1231 | 1307 | -87 | -0.01 | -18.50 | chart |
| taylorPlus-5 | 1355 | 1434 | -100 | -0.01 | -18.00 | chart |
| taylor3-13 | 1441 | 1534 | -92 | -0.03 | -70.25 | chart |
| taylor3-11 | 1441 | 1534 | -91 | -0.02 | -43.50 | chart |
| taylor3-8 | 1441 | 1534 | -100 | -0.01 | -17.75 | chart |
| taylor3-5 | 1457 | 1535 | -100 | -0.01 | -21.75 | chart |
Get All Of Today’s HotSpots Here
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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