PitBulls Thursday/Friday Low Before Options Expo
MrTopStep | Jun 14, 2019 04:40AM ET
- In Asia 6 out of 11 markets closed lower: Shanghai Comp +0.05%, Hang Seng -0.05%, Nikkei -0.46%
- In Europe 11 out of 13 markets are trading higher: CAC +0.04%, DAX +0.48%, FTSE +0.16%
- Fair Value: S&P +6.26, NASDAQ +34.40, Dow +20.74
- Total Volume: 1.19 million ESM & 899 SPM traded in the pit
*As of 7:00 a.m. CST
h2 Today’s Economic Calendar:/h2Today’s economic calendar includes Jobless Claims 8:30 AM ET, Import and Export Prices 8:30 AM ET, EIA Natural Gas Report 10:30 AM ET, 30-Yr Bond Auction 1:00 PM ET, Fed Balance Sheet & Money Supply 4:30 PM ET.
S&P 500 Futures: Low Volume And Weak Price Action
Chart courtesy of – $ES_F Today’s 3D pivot range held. No rally, however buyers still managed to close above to retain control. #consolidation
After trading down to 2875.25 on Tuesday nights Globex session, the S&P 500 futures rallied to open Wednesdays regular trading hours at 2833.00. The ES initially rallied to test the overnight high at 2891.00, but only got as far as 2889.75, before heading back down to test the low.
After failing to print a new low, the futures drifted sideways in a 10 handle range for the rest of the day.
Going into the close, when the MiM came out showing $830M to buy, the ES was trading at 2879.00, it would then go on to print 2880.50 on the 3:00 cash close, and 2881.00 on the 3:15 futures close, down -6.00 handles on the day.
Get The News You Want
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.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.