White House Says Zero Growth Possible This Quarter

Index Futures Net Changes and Settlements:

Foreign Markets, Fair Value and Volume:

• In Asia 10 out of 11 markets closed higher: Shanghai Comp +0.41%, Hang Seng +0.42%, Nikkei -0.09%
• In Europe 11 out of 13 markets are trading higher: CAC +0.78%, DAX +0.53%, FTSE +0.03%
• Fair Value: S&P -0.61, NASDAQ +7.18, Dow -32.61
• Total Volume: 1.57mil ESH & 471 SPH traded in the pit

Today’s Economic Calendar:

Today’s economic calendar includes Jobless Claims 8:30 AM ET, PMI Composite FLASH 9:45 AM ET, Leading Indicators 10:00 AM ET, EIA Natural Gas Report 10:30 AM ET, Kansas City Fed Manufacturing Index 11:00 AM ET, EIA Petroleum Status Report 11:00 AM ET, Fed Balance Sheet and Money Supply 4:30 PM ET.

S&P 500 Futures: Up, Down And All Around

Chart courtesy of @Chicagostock – $ES_F 4th daily close > 6M vol window 2630, establishing a bullish 6M bias for Jan-July. 3rd half in a row to do so. Can it expand this time vs last 2 times turning into bulltrap/Reversals? Reversal Window 2489.

After bouncing back during the globex session, the S&P 500 futures opened yesterday’s cash session at 2646.25, and made an early low on the open at 2645.00. From there, early buy programs came in pushing the futures up to 2653.75 for the first hour high, and then pulled back down to 2612.50, before bouncing back up to 2628.00 to close out the morning.

The afternoon saw a continuation of the rally, as the ES pushed up to 2640.00 in the final hour, and closed the day at 2638.50, up +6.50 handles.

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.}