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Index Futures Net Changes and Settlements:

Contract

Settlement

Net Change

+/-%

S&P 500 (ESH19:CME)

2805.00

+20.25

+0.72%

DowJones (YMH19:CBT)

26,031

+118

+0.45%

Nasdaq 100 (NQH19:CME)

7156.00

+53.50

+0.75%

Russell 2000 (RTYH19:CME)

1589.50

+14.00

+0.88%

Foreign Markets, Fair Value and Volume:

  • In Asia 7 out of 11 markets closed higher: Shanghai Comp +1.12%, Hang Seng +0.51%, Nikkei +1.02%
  • In Europe 11 out of 13 markets are trading higher: CAC +0.71%, DAX +0.23%, FTSE +0.83%
  • Fair Value: S&P +0.35, NASDAQ +2.81, Dow -3.21
  • Total Volume: 1.25mil ESH & 367 SPH traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes Construction Spending 10:00 AM ET, and TD Ameritrade IMX 12:30 PM ET.


S&P 500 Futures: #ES Up 10 Weeks In A Row, Further Melt Up Coming

Chart courtesy of Stewart Solaka @Chicagostock$ES_F Recovers Dec 2018 high of 2814. Next level to recover, October 10 where the market began its move lower, high of 2880, gap to fill from Oct 9th 2887.

During Thursdays nights Globex session, the S&P 500 futures (ESH19:CME) traded up to a high of  2803.25 when Asian stocks advanced, after a better-than-expected China PMI. The futures then traded 2803.75 on Friday mornings 8:30 CT open, and by 9:00 am traded up to 2808.25, up +23.5 handles on the day.

After the buying surge, the ES sold off down to 2794.50, up-ticked to 2798.75, and then dumped down to 2787.50, up +2.75 handles. Once the low was in, the ES slowly rallied back up to the vwap at 2798.25 at 1:00, then after a brief pause, traded up to the 2804.00 at 1:30 CT.  

From there, the futures pulled back down to 2800.00, as the MiM started to show over $550 million to buy. On the 2:45 cash imbalance the ES traded 2805.00 when the MiM buys widened out to $950 million to buy, then went on to trade 2804.00 on the 3:00 cash close, and settled the day at 2805.25, up +20.5 handles, or up 0.74%.

In the end, the overall tone of the market was strong. After several days of back and filling, the ES had a nice upside pop. In terms of the days overall trade, total volume was decent. Volume tends to be lower in the beginning of the week and higher later in the week. Friday’s total volume was 1.21 million futures contracts, which is right on par.


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_FLONG
TypeEntryExitTrade %Profit %PointsHeatMap
normal-2111271203810.0132.25chart
normal-1310511149850.0128.50chart
normal-1110511149910.0130.50chart
normal-810281120880.0126.00chart
normal-5134714311000.0010.50chart
taylorPlus-2111141159860.0259.25chart
taylorPlus-1311341216920.0257.50chart
taylorPlus-1111341216910.0240.25chart
taylorPlus-8135114451000.0244.50chart
taylorPlus-5142415081000.0123.00chart
taylor3-2114391518810.000.00chart
taylor3-1309301009920.0258.75chart
taylor3-11130414031000.0242.25chart
taylor3-8131814151000.0126.75chart
taylor3-5113512051000.0120.00chart
ES_FSHORT
TypeEntryExitTrade %Profit %PointsHeatMap
normal-1110201051-82-0.01-14.75chart
normal-810031034-87-0.01-16.50chart
normal-510021032-100-0.01-21.00chart
taylorPlus-2112551326-81-0.02-58.50chart
taylorPlus-1112261313-82-0.01-26.25chart
taylorPlus-810441114-87-0.01-19.00chart
taylorPlus-510351114-100-0.01-18.25chart
taylor3-1115221553-82-0.01-20.50chart
taylor3-815221553-87-0.00-13.00chart
taylor3-515221553-100-0.00-12.50chart

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Danny Riley (3463 Posts)

Danny Riley has worked in the futures and options industry for 38 years, including the CBOT’s bond room, where he worked for several of the Market Wizards. He went on to build the largest volume desk in the S&P 500 Index Futures, serving some of the largest banks and hedge funds, the UBS program trading business, and some of the world's top individual traders. As a leader and co-creator of the MrTopStep IM-Pro Trading Room, he shares trading ideas and breaking market news live from the floor with our other professional traders and new traders eager to experience the power of collective intelligence. Join us today and get the edge only social trading can give you.


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