Was Trump Present At The ‘Hush Money’ Meetings?

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 11 out of 11 markets closed lower: Shanghai Comp -1.53%, Hang Seng -1.62%, Nikkei -2.02%
• In Europe 13 out of 13 markets are trading lower: CAC -0.86%, DAX -0.77%, FTSE -0.61%
• Fair Value: S&P +4.40, NASDAQ +27.28, Dow +29.07
• Total Volume: 2.02mil ESZ & 3,891 SPZ traded in the pit

_{As of 8:00 AM EST}

Today’s Economic Calendar:

Today’s economic calendar includes Retail Sales 8:30 AM ET, Industrial Production 9:15 AM ET, PMI Composite FLASH 9:45 AM ET, Business Inventories 10:00 AM ET, and the Baker-Hughes Rig Count 1:00 PM ET.

S&P 500 Futures: Year End Rotation; Buy NQ / Sell RL

Chart courtesy of @Chicagostock – $ES_F Update: Rally attempt unable to overcome 2700. Turning into a short term bear flag as mkt chops sideways. Failure to hold Wednesday low, opens door for retest of month low. Bulls must overcome Thursday’s high for shot at 2700 to retest 2760.

After trading higher in the overnight session, the S&P 500 March mini’s opened yesterday’s cash session at 2665.50, and in the first hour of the day traded up to what would be the session high of 2775.25. From there, the futures turned lower, pulling back down to 2649.75 at 10:00, and then after a 16 handle rally, again turned lower late morning, making a 2645.25 low, before getting a modest lift into the midday.

Following a 10.25 handle rally the ES then chopped down to an early afternoon low of 2642.50. Next, the futures rallied to an afternoon high of 2659.00, before trading to a low of day at 2641.25 heading into the final hour. The last move was a late day rally up to 2659.75, followed by a 2653.25 print on the 3:00 cash close, and finally settling the day at 2647.50, down -9.00 handles, or -0.34%.

In the end it was a much quieter day. In terms of the ES’s overall tone, the futures did rally, but weakened late in the day. In terms of the overall trade, only 2 million ESZ19’s traded, and that includes the ESZ/ESM spread volume.

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

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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.}