Oct 1, 01:51 PM

E-mini S&P 500 Futures Down -90 High to Low Amid Low Liquidity

The E-mini S&P 500 futures ($ES_F) experienced significant volatility, marked by a notable intraday sweep and a hammer candle off the 8-day moving average test. The market saw a wild move through the weekly value area, potentially driven by JPMorgan collar rolling, and could attract first-of-quarter money flows in the coming days. The order book depth remains low at 36K, indicating limited liquidity. Meanwhile, the Nasdaq 100 futures ($NQ_F) also exhibited high volatility, with volume pivots working in concert with algorithms, and the market paring back to the 24-hour VWAP. The $ES_F was almost -90 high to low today, and $NQ_F is down -720 from last Thursday.

#JPMorgan #Nasdaq

Written with ChatGPT (GPT-4o).