Index Futures Net Changes and Settlements:
| Contract | Settlement | Net Change | +/-% |
| S&P 500 (ESM19:CME) | 2878.50 | +23.50 | +0.82% |
| DowJones (YMM19:CBT) | 25,867 | +193 | +0.75% |
| Nasdaq 100 (NQM19:CME) | 7600.25 | +71.00 | +0.94% |
| Russell 2000 (RTYM19:CME) | 1559.90 | +8.40 | +0.54% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed lower: Shanghai Comp -2.48%, Hang Seng -1.16%, Nikkei +0.89%
- In Europe 12 out of 13 markets closed lower: CAC -0.72%, DAX -1.13%, FTSE -0.51%
- Fair Value: S&P +1.68, NASDAQ +11.80, Dow -1.49
- Total Volume: 1.67 million ESM & 172 SPM traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Quarterly Services Report (Advance) 10:00 AM ET, Consumer Sentiment 10:00 AM ET, Richard Clarida Speaks 10:00 AM ET, E-Commerce Retail Sales 10:00 AM ET, Leading Indicators 10:00 AM ET, John Williams Speaks 11:15 AM ET, Baker-Hughes Rig Count 1:00 PM ET, Richard Clarida Speaks 1:40 PM ETm and John Williams Speaks 2:00 PM ET.
S&P 500 Futures: Algo Down / Algo Up
Chart courtesy of Scott Redler @RedDogT3 – $spx futures -12 after the oscillator hit Neutral and we hit big resistance to sell. Now we see if we hold higher. 2855-2860 is some support to see if there is commitment to the move of the week.
During Wednesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2868.00, a low of 2840.50, and opened Thursday’s regular trading hours at 2859.75.
After the 8:30 CT bell, the futures barely down ticked, trading straight up to 2880.50, a 20 handle move in the first half hour. It wasn’t done there either. Buying was strong all morning, and the ES had set its sights on 2900, but ended up topping out at 2894.00.
As the afternoon rolled around, the futures had started to back off the highs a little, and by 1:15 had traded back down to 2880.75. After some back and fill up to 2889.00, the ES continued lower going into the close, and when the 2:45 cash imbalance reveal came out showing $589M to sell, it had traded down to 2874.00. The futures would then end the day on a strong note, printing 2877.75 on the 3:00 cash close, and 2878.50 on the 3:15 futures close.
In the end, the overall tone of the ES was strong in the first half of the day, and weak in the second half of the day. In terms of the days overall trade, total volume was lower than recent days, 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 | 1331 | 1426 | 90 | 0.02 | 46.75 | chart |
| normal-13 | 1331 | 1426 | 92 | 0.02 | 45.50 | chart |
| normal-11 | 1218 | 1251 | 91 | 0.01 | 40.00 | chart |
| normal-8 | 1331 | 1426 | 100 | 0.01 | 30.50 | chart |
| normal-5 | 1104 | 1200 | 100 | 0.01 | 36.75 | chart |
| taylorPlus-21 | 0939 | 1031 | 86 | 0.02 | 61.00 | chart |
| taylorPlus-13 | 0940 | 1026 | 92 | 0.02 | 55.00 | chart |
| taylorPlus-11 | 0939 | 1033 | 91 | 0.02 | 46.25 | chart |
| taylorPlus-8 | 1230 | 1300 | 100 | 0.00 | 14.00 | chart |
| taylorPlus-5 | 0931 | 1026 | 100 | 0.01 | 32.00 | chart |
| taylor3-21 | 1354 | 1431 | 81 | 0.01 | 34.75 | chart |
| taylor3-13 | 1248 | 1347 | 92 | 0.01 | 40.00 | chart |
| taylor3-11 | 1045 | 1139 | 91 | 0.01 | 36.50 | chart |
| taylor3-8 | 1248 | 1347 | 100 | 0.01 | 22.00 | chart |
| taylor3-5 | 1106 | 1156 | 100 | 0.01 | 35.75 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-13 | 1455 | 1545 | -85 | -0.01 | -42.00 | chart |
| normal-11 | 1444 | 1543 | -82 | -0.01 | -30.50 | chart |
| normal-8 | 1454 | 1551 | -87 | -0.01 | -39.25 | chart |
| normal-5 | 1521 | 1551 | -100 | -0.01 | -33.25 | chart |
| taylorPlus-8 | 1507 | 1550 | -100 | -0.01 | -19.25 | chart |
| taylorPlus-5 | 1507 | 1548 | -100 | -0.01 | -16.75 | chart |
| taylor3-5 | 1022 | 1106 | -100 | -0.00 | -6.00 | 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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