What is the midpoint of 5,000–5,010?
Reveal the worked answer
5,005.
It is the arithmetic midpoint only.
Equity Index Futures · FUT-07 · Core
The Asian analysis window
What should be carried into the next session?
What you will learn and prerequisites
- Explain the mechanism in the lesson question.
- Reproduce the worked comparison and recognize its failure case.
Read first: What is an equity index future?
An Asian-session range for U.S. futures is an explicitly chosen analysis window aligned with regional activity. It is not one universal set of hours for every product. Calendar, time zone and daylight-saving treatment must be stated.
The task is to preserve what was actually known when that window ended.
Understand the mechanism
High, low, midpoint and volume concentration measure different things. A range ending near its top differs from the same range repeatedly rotating around its center.
A completed window must not incorporate later European or U.S. prints. Doing so creates look-ahead information in a historical signal.
Walk through the process
Mark the window first, then record extrema, final location, participation and whether behavior was directional or balanced. Prepare continuation, rejection and continued-balance branches.
Correlated regional markets reacting to one event do not necessarily supply independent confirmations.
Operational boundary
All prices, portfolio values and account balances are fictional. Real contract calendars, broker requirements and available liquidity must be checked for the instrument actually traded. The example's mathematical hedge or payoff is not an execution guarantee.
A worked example
The fictional window ranges from 5,000 to 5,010 and ends at 5,008. Midpoint is 5,005. Europe first prints 5,012, a two-point excursion beyond the high.
Later holding 5,011–5,014 would support acceptance; returning to 5,004 would challenge continuation. The original Asian range stays fixed in both branches.
The Asian analysis window—worked comparison
Vertical: Futures level
Horizontal: Regional-window observation
1. Fictional example
Read the graph as a data table
| Regional-window observation | Fictional example |
|---|---|
| 1 | 5,000 |
| 2 | 5,007 |
| 3 | 5,004 |
| 4 | 5,010 |
| 5 | 5,008 |
| 6 | 5,012 |
What would invalidate the reading?
Redefining the window after seeing Europe makes the reference nonreproducible. A midpoint is also not automatically VWAP or POC.
Check your understanding
Try the question before revealing its answer. These are reading checks, not trading certification or a site completion record.
What is the critical failure to avoid?
Reveal the worked answer
Redefining the window after seeing Europe makes the reference nonreproducible. A midpoint is also not automatically VWAP or POC.
Explain this risk before treating the example as a decision rule. A correct calculation does not guarantee a favorable market outcome.
Return to the question: What should be carried into the next session? State the observed facts, the assumptions and the failure condition separately.
Sources, assumptions and downloadable script
External references support definitions and conventions. Worked scenarios and prose are original. No current quotes or dealer inventory are claimed.
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