Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESM19:CME) |
2857.50 |
-8.50 |
-0.29% |
|
DowJones (YMM19:CBT) |
25,771 |
-104 |
-0.40% |
|
Nasdaq 100 (NQM19:CME) |
7430.00 |
-34.00 |
-0.45% |
|
Russell 2000 (RTYM19:CME) |
1533.80 |
-12.50 |
-0.80% |
Foreign Markets, Fair Value and Volume:
- In Asia 9 out of 11 markets closed lower: Shanghai Comp -1.36%, Hang Seng -1.58%, Nikkei -0.62%
- In Europe 13 out of 13 markets closed lower: CAC -1.47%, DAX -1.47%, FTSE -1.22%
- Fair Value: S&P +0.67, NASDAQ +8.91, Dow -4.96
- Total Volume: 1.25 million ESM & 88 SPM traded in the pit
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the 52-Week Bill Settlement, Jobless Claims 8:30 AM ET, PMI Composite FLASH 9:45 AM ET, New Home Sales 10:00 AM ET, EIA Natural Gas Report 10:30 AM ET, Kansas City Fed Manufacturing Index 11:00 AM ET, Robert Kaplan Speaks 1:00 PM ET, Tom Barkin Speaks 1:00 PM ET, Raphael Bostic Speaks 1:00 PM ET, Mary Daly Speaks 1:00 PM ET, 10-Yr TIPS Auction 1:00 PM ET, Fed Balance Sheet & Money Supply 4:30 PM ET.
S&P 500 Futures: Sellers Win This Round
Chart courtesy of Scott Redler @RedDogT3 – Good morning. Mostly red arrows around the World as the Trade war goes from Rhetoric to more of a reality. Looks like the wedge is resolving lower $spx futures -21 way below 2854 with 2832 under that. 2801 is the May low. (Perhaps for now)
During Tuesday nights Globex session, the S&P 500 futures (ESM19:CME) printed a high of 2869.50, a low of 2848.25, and opened Wednesday’s regular trading hours at 2855.50.
After trading lower for most of the night, the ES opened stronger on the 8:30 CT bell, and by 9:15 had traded up to a RTH high at 2868.00. From there, the futures turned weak on infrastructure deal headlines coming from the White House, and by 10:00 had traded back down to 2853.50.
The ES would eventually recover back up to 2863.75, before stalling out and trading sideways for the rest of the morning, and into the afternoon.
As the FOMC minutes release rolled around, the futures bounced off the bottom of the range at 2852.00, and then started heading higher. By 2:00 the ES had traded back up to 2864.50, and when the 2:45 cash imbalance reveal came out showing $386 million to sell, it was trading at 2861.00.
Going into the end of the day, the futures printed 2857.50 on the 3:00 cash close, and 2856.75 on the 3:15 futures close, down -9 handles.
In the end, the overall tone of the ES was weak. In terms of the days overall trade, total volume was lower, with 1.25 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 | 1600 | 1600 | 86 | 0.02 | 57.00 | chart |
| normal-13 | 1013 | 1052 | 85 | 0.02 | 60.00 | chart |
| normal-11 | 1013 | 1052 | 91 | 0.02 | 60.25 | chart |
| normal-8 | 0952 | 1043 | 100 | 0.03 | 82.00 | chart |
| normal-5 | 0930 | 1028 | 100 | 0.02 | 60.50 | chart |
| taylorPlus-21 | 0939 | 1031 | 86 | 0.03 | 78.50 | chart |
| taylorPlus-13 | 0939 | 1036 | 92 | 0.03 | 72.75 | chart |
| taylorPlus-11 | 1011 | 1108 | 91 | 0.02 | 70.00 | chart |
| taylorPlus-8 | 0931 | 1028 | 100 | 0.02 | 66.25 | chart |
| taylorPlus-5 | 0930 | 1027 | 100 | 0.02 | 54.50 | chart |
| taylor3-21 | 1305 | 1336 | 86 | 0.01 | 25.00 | chart |
| taylor3-13 | 1439 | 1530 | 92 | 0.02 | 44.50 | chart |
| taylor3-11 | 1325 | 1357 | 100 | 0.01 | 24.00 | chart |
| taylor3-8 | 1151 | 1241 | 100 | 0.02 | 51.50 | chart |
| taylor3-5 | 1151 | 1241 | 100 | 0.02 | 44.25 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-11 | 1600 | 1600 | -82 | -0.02 | -58.00 | chart |
| normal-8 | 1202 | 1242 | -100 | -0.01 | -19.75 | chart |
| normal-5 | 1202 | 1248 | -100 | -0.00 | -11.25 | chart |
| taylorPlus-11 | 1132 | 1203 | -82 | -0.01 | -23.50 | chart |
| taylorPlus-8 | 1445 | 1517 | -87 | -0.01 | -25.50 | chart |
| taylorPlus-5 | 1353 | 1451 | -100 | -0.01 | -28.00 | chart |
| taylor3-13 | 1056 | 1130 | -85 | -0.01 | -35.50 | chart |
| taylor3-11 | 1408 | 1438 | -91 | -0.01 | -25.75 | chart |
| taylor3-8 | 1113 | 1146 | -87 | -0.01 | -21.50 | chart |
| taylor3-5 | 1030 | 1104 | -100 | -0.02 | -44.00 | 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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