Index Futures Net Changes and Settlements:
Foreign Markets, Fair Value and Volume:
*As of 7:00 a.m. CST
S&P 500 Futures: Weak Price Action
During Monday night’s Globex session, the S&P 500 futures printed a high at 2896.25, a low at 2869.25, and opened Tuesday’s regular trading hours (RTH) at 2895.25.
After initially rallying to 2899.50 after the 8:30 CT bell, the ESU settled into a steady grind lower. The Russell 2000 fell 1.5%, overshadowing the other indices.
Over the last several months there seems like there is some type of rotation going on, and yesterday it was buy the S&P and sell the Russell. Every time the ES and NQ upticked Russell made new lows.
When the MiM reveal came out showing $433 million to sell MOC, the ES was trading at 2875.25, it would then go on to print 2868.00 on the 3:00 cash close, and 2866.00 on the 3:15 futures close, down -17.25 handles.