Mid Morning ES Price Action Chart 12-12-2019
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The market is rallying strongly this morning. Prices turned up just after the regular session opening and have been trending higher every since. The larger two tiered channel has flattened out and I see a flatter channel setting up. Respect it until prices prove otherwise, but the trend and bias are both up for now.
Today is the start of rollover too, but we won’t roll over until the volume turns over, which will likely be tomorrow or Monday.
Comments
Rabekka Kay December 13, 2019 at
Please subscribe
Renos September 16, 2021 at
So rollover is often on the friday before the last date of the present future contract?
Mack September 20, 2021 at
Official rollover is the 2nd Thursday of expiration month. However, the volume won’t roll over until Friday, so don’t roll until Friday.