Index Futures Net Changes and Settlements:
|
Contract |
Settlement |
Net Change |
+/-% |
|
S&P 500 (ESH19:CME) |
2774.25 |
-12.75 |
-0.45% |
|
DowJones (YMH19:CBT) |
25,833 |
-131 |
-0.50% |
|
Nasdaq 100 (NQH19:CME) |
7034.50 |
-38.75 |
-0.54% |
|
Russell 2000 (RTYH19:CME) |
1577.50 |
-6.10 |
-0.38% |
Foreign Markets, Fair Value and Volume:
- In Asia 7 out of 11 markets closed higher: Shanghai Comp +1.91%, Hang Seng +0.65%, Nikkei -0.18%
- In Europe 11 out of 13 markets are trading higher: CAC +0.42%, DAX +0.57%, FTSE +0.58%
- Fair Value: S&P -0.36, NASDAQ +5.05, Dow -13.03
- Total Volume: 1.42mil ESH & 183 SPH traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes Mary Daly Speaks 10:15 AM ET, John Williams Speaks 10:15 AM ET, Baker-Hughes Rig Count 1:00 PM ET, James Bullard Speaks 1:30 PM ET, Richard Clarida Speaks 1:30 PM ET, Patrick Harker Speaks 1:30 PM ET, and John Williams Speaks 5:30 PM ET.
S&P 500 Futures: Weak, But Not Weak Enough
Chart courtesy of @Chicagostock – $ES_F Remember last Friday’s Globex session, market took out Thurs low by a pt @ 2729, only to see sellers fail to expand, turning into fuel that led to squeeze. Friday’s cash session opened > Thurs 2758 high, forcing buyers to pay up. Failure to hold 2763, leaves buyers at risk.
During Wednesday nights Globex session, the S&P 500 futures (ESH19:CME) printed a high of 2798.00, a low of 2778.25, and opened Thursday’s regular trading hours at 2777.75. The morning low print was 2769.00, and the morning high came in at 2780.50 right after the bell. The S&P’s traded 2772.50 on the 10:30 European close, and 2781.00 going into the noon hour.
The early afternoon saw a low of 2764.25, a high of 2781.75 and a print of 2766.75 going into the final hour of the day. The futures went on to trade 2767.75 on the 2:45 cash imbalance reveal, then printed 2775.25 on the 3:00 cash close, and settled the day at 2774.25 on the 3:15 futures close, down -12.75 handles, or -0.45%.
In the end, the overall tone of the ES was weak. In terms of the days overall trade, total volume was a little higher, with 1.4 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 | 1014 | 1047 | 86 | 0.02 | 42.25 | chart |
| normal-13 | 1505 | 1542 | 92 | 0.01 | 19.50 | chart |
| normal-11 | 1136 | 1226 | 91 | 0.01 | 40.00 | chart |
| normal-8 | 1132 | 1202 | 100 | 0.01 | 30.50 | chart |
| normal-5 | 1125 | 1222 | 100 | 0.01 | 29.25 | chart |
| taylorPlus-13 | 1443 | 1542 | 85 | 0.03 | 70.25 | chart |
| taylorPlus-11 | 1425 | 1524 | 91 | 0.01 | 33.50 | chart |
| taylorPlus-8 | 1321 | 1359 | 100 | 0.01 | 16.25 | chart |
| taylorPlus-5 | 1002 | 1046 | 100 | 0.01 | 27.00 | chart |
| taylor3-21 | 1423 | 1520 | 81 | 0.02 | 59.00 | chart |
| taylor3-13 | 1437 | 1535 | 92 | 0.03 | 67.25 | chart |
| taylor3-11 | 0930 | 1011 | 91 | 0.02 | 61.25 | chart |
| taylor3-8 | 1304 | 1403 | 100 | 0.02 | 39.75 | chart |
| taylor3-5 | 0930 | 1008 | 100 | 0.01 | 26.00 | chart |
| ES_F | SHORT | |||||
|---|---|---|---|---|---|---|
| Type | Entry | Exit | Trade % | Profit % | Points | HeatMap |
| normal-21 | 1046 | 1128 | -81 | -0.02 | -60.25 | chart |
| normal-13 | 1046 | 1129 | -85 | -0.01 | -34.25 | chart |
| normal-11 | 1046 | 1129 | -91 | -0.01 | -33.25 | chart |
| normal-8 | 1046 | 1129 | -87 | -0.00 | -10.00 | chart |
| normal-5 | 1445 | 1532 | -100 | -0.00 | -12.25 | chart |
| taylorPlus-11 | 1015 | 1052 | -82 | -0.02 | -40.50 | chart |
| taylorPlus-8 | 1028 | 1058 | -87 | -0.02 | -42.50 | chart |
| taylorPlus-5 | 1154 | 1251 | -100 | -0.00 | -10.00 | chart |
| taylor3-21 | 1031 | 1128 | -81 | -0.03 | -77.50 | chart |
| taylor3-11 | 1520 | 1553 | -82 | -0.01 | -27.25 | chart |
| taylor3-8 | 1524 | 1554 | -87 | -0.00 | -10.50 | chart |
| taylor3-5 | 1201 | 1234 | -100 | -0.01 | -14.25 | chart |
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