S&P 500 Futures Make Low At 2078.25
MrTopStep | Nov 24, 2015 01:27AM ET
Index Futures Recap – Monday November 23rd
Last night, the S&P 500 futures opened the globex session unchanged at 2086.50 and traded higher in a quiet Asian session as the Japanese indexes were closed due to holiday. The globex range was from 1982.00 to 2090.75, 8.75 handles.
At the regular trading hours open, the S&P futures opened at 2087.00 slightly lower on the day and traded up to the 2093.00 high in the first hour and then proceeded to trade the late morning and midday sideways. However, the futures began to grind lower after 1:00 CT making a low at 2078.25, 15 handles from the RTH high before bouncing off the lows into the close.
Heard across the news wires was very little as Japan was on holiday and in the U.S. the economic calendar was light.
The calendar will be the heaviest of the short week getting kicked of with some German releases during the early Euro session and will feature the U.S. GDP release at 7:30 CT. After Monday’s selling, traders may be looking for another low volume day and perhaps a “turn around Tuesday” as the best statistical days of the strong seasonal Thanksgiving week are Wednesday and Friday.
Floor Pivots For Tomorrow’s RTH E-mini
R3 2114.75
R2 2121.00
R1 2092.00
PP 2085.25
S1 2077.25
S2 2070.50
S3 2055.75
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