Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
- In Asia 6 out of 11 markets closed higher: Shanghai Comp +0.16%, Hang Seng -0.03%, Nikkei +0.62%
- In Europe 12 out of 13 markets are trading lower: CAC -0.70%, DAX -0.61%, FTSE -0.45%
- Fair Value: S&P +3.82, NASDAQ +23.86, Dow +21.51
- Total Volume: 1.98mil ESH & 6,078 SPH traded in the pit
As of 8:00 AM EST
Today’s Economic Calendar:
Today’s economic calendar includes a 3-Yr Note Settlement, a 10-Yr Note Settlement, a 30-Yr Bond Settlement, Empire State Mfg Survey 8:30 AM ET, Housing Market Index 10:00 AM ET, and Treasury International Capital 4:00 PM ET.
S&P 500 Futures: Brexit, Rates, China Trade Wars, Global Grown Concerns, Trump Investigations, Whats Next?
Chart courtesy of @Chicagostock – $ES_F Successful retest of the month low? Monday’s 3D pivot range above for sellers to defend/buyers to overcome. Move through Friday 2640 high to reverse Friday’s break. Close above 2631 positive for bulls. Failure to overcome 2630 keeps sellers in control.
By nature most people try to keep a positive outlook, but recently that’s been harder to do. The S&P 500 futures sold off after Thursday’s close, then sold off on Globex Thursday night, and had another sharp decline during Friday’s session, trading all the way down to 2609.50 at exactly 12:00 ET.
On Friday’s 8:30 open, the S&P printed 2628.75 and pushed up to the early high of day at 2639.75, before making a series of lower highs and lower lows, first to 2623.00, then after a 13.25 handle bounce sold off down to 2609.50 for the morning low, in a quiet, drippy faucet type of price action, with only an 8.25 handle rally in between.
The early afternoon was more of the same, as the ES rallied to 2623.00 but then chopped lower and made a low of 2607.50. After a small bounce the futures made several new lows down to 2592.25, and went on to print 2604.00 on the 3:00 close, before settling the day at 2605.25, down -44.25 handles, or -1.67%.
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