Index Futures Net Changes and Settlements:
|S&P 500 (ESZ18:CME)||2779.00||-29.75||-1.05%|
|Nasdaq 100 (NQZ18:CME)||7031.25||-134.75||-1.88%|
|Russell 2000 (RTYZ17:CME)||1551.70||-30.40||-1.92%|
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp +1.22%, Hang Seng +0.12%, Nikkei +0.09%
- In Europe 10 out of 13 markets are trading lower: CAC -0.23%, DAX -0.85%, FTSE -0.11%
- Fair Value: S&P +0.61, NASDAQ +7.84, Dow -10.13
- Total Volume: 1.71mil ESZ & 1,183 SPZ traded in the pit
Today’s Economic Calendar:
Today’s economic calendar includes US Holiday: Veterans Day (Observed), and Mary Daly Speaks at 2:30 PM ET.
S&P 500 Futures: FAANG Gives Back Election Gains
Chart courtesy of @Chicagostock – $ES_F Nothing’s changed all year. Gap/Squeeze shorts, lure in new buyers, fail to expand, trap buyers. Will we get another inverted C/H develop? Will know on gap fill 2761. Bulls need > 2795 to recover trap longs.
After trading lower in Thursday nights globex session, the S&P 500 futures opened Friday’s cash session at 2793.00. The futures quickly moved to what would be the high of day at 2795.75, before then reversing, turning lower, and not looking back until late in the day. One sell program after another pulled the ES down to 2778.25 in the first hour, and then after a 10.50 handle bounce, sold off down to 2771.00 for the morning low.
The afternoon saw selling continue, as the ES made the low of day at 1:15, printing 2764.50, and then began to reverse quickly, pushing back up near the open to an afternoon high of 2791.25, a 26.75 bounce in 90 minutes. From there, the futures traded back down to 2776.50, printing 2781.25 on the 3:00 close, and settling the day at 2779.00, down -29.75 handles, or -1.05%.
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 email@example.com.
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.
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.