Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
*As of 7:00 a.m. CST
Today’s Economic Calendar:
Today’s economic calendar includes the PMI Services Index 9:45 AM ET, ISM Non-Mfg Index 10:00 AM ET, TD Ameritrade IMX 12:30 PM ET, and Lael Brainard Speaks 1:30 PM ET.
S&P 500 Futures: ES Down 3.6% From Its 3022.25 High
Chart courtesy of Scott Redler @RedDogT3 – $spx futures-35 as we get some downside to follow through to last weeks active composure change. Map out levels and plan ahead.
During Thursday nights Globex session, the S&P 500 futures printed a high of 2961.00, a low of 2933.00, and opened Friday’s regular trading hours (RTH) at 2943.25.
The positive jobs number wasn’t enough the hold the futures up, and after the 8:30 CT bell, the ES got hit by wave after wave of sell programs. The futures went on to make a sequence of lower lows all the way down to 2913.50 at 10:00, a 30 handle drop in one and a half hours, as the VIX climbed above 20.
Once the low was in, things began to calm down a little, and the futures started to do a little back-and-fill. By 2:30 the ES had traded back through the RTH opening range, and topped out at 2945.00.
Going into the close, as the MiM reveal came out showing $250 million to sell, the futures began to back off once again, trading down to 2936.00, and then closed out at 2931.75, down 20 handles on the day.