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Index Futures Net Changes and Settlements:
Contract | Settlement | Net Change | +/-% |
S&P 500 (ESH19:CME) | 2572.50 | +22.00 | +0.86% |
DowJones (YMH19:CBT) | 23,743 | +231 | +0.98% |
Nasdaq 100 (NQH19:CME) | 6557.25 | +60.75 | +0.93% |
Russell 2000 (RTYH19:CME) | 1425.90 | +20.00 | +1.42% |
Foreign Markets, Fair Value and Volume:
- In Asia 9 out of 11 markets closed higher: Shanghai Comp +0.71%, Hang Seng +2.27%, Nikkei +1.10%
- In Europe 13 out of 13 markets are trading higher: CAC +1.24%, DAX +1.09%, FTSE +1.06%
- Fair Value: S&P +1.14, NASDAQ +13.22, Dow -19.41
- Total Volume: 1.65mil ESH & 927 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes MBA Mortgage Applications 7:00 AM ET, Raphael Bostic Speaks 8:20 AM ET, Charles Evans Speaks 9:00 AM ET, EIA Petroleum Status Report 10:30 AM ET, Eric Rosengren Speaks 11:30 AM ET, a 10-Yr Note Auction 1:00 PM ET, and the FOMC Minutes 2:00 PM ET.
S&P 500 Futures: #ES 2581
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After grinding higher in the overnight session, the S&P 500 futures opened yesterday’s regular trading hours at 2576.00, and rallied up 2581.50 in the first 15 minutes of trade. From there, the futures turned lower breaking down to 2567.75 just before 9:00, and then after a five handle rally sold off down to 2547.50 just before 10:00 for the morning low. After that, the ES rallied up to 2560.75, then made a higher low at 2550.50 just after the Euro close, before pushing up to a late morning high of 2568.25, and then losing a few handles into the noon hour.
The afternoon saw a second higher low as the ES pushed its way up to 2573.50 heading into the final hour. The last hour of the day saw the futures rally up to 2577.00, with the actual MOC coming out at $1.2 billion to buy, and traded 2574.50 on the 3:00 close, before settling the day at 2572.00, up +21.50 handles, or +0.84%.
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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.
Lookbacks:
The lookback period (number of days) is set at 21,13,11,8 and 5 days. A heat-map is generated for each of these lookback periods, the best trade from day is scored.
The period of time that has consistently produced the best results becomes the hotspot for that look back. There are also different look-back types like Taylor and Taylor Plus.
Taylor cycles are usually 3-day cycles. A Taylor-5 look-back would use the last 5 trading days skipping back by 3 trading days. Taylor Plus uses calendar days so weekends and none
trading days are counted as part of the skip count. If a lookback period falls on a none trading day, it is not used so a TaylorPlus will continue skipping back until 5 trading days are found for the heatmap calculation.
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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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