DTI Daily Rundown - December 12

On TBUZ TV Today:

4680 Pivot.

4711 Resistance.

4660 Support.

Opens: 2023 3895.00; 4th Quarter 4349.00; Month 4571.75

Wednesday Recording: https://vimeo.com/892077409/a78276d421

10:45am Tuesday Morning Connect the Dots

Account for Rollover from December to March contracts

Scroll down to the bottom of the link, put in your name and email address, and get TBUZ TV

Market Review:

Rollover

The market did not retrace prior to rollover. Consequently this week the ES futures open at a new high of the year, 4660.75. They have traded up to 4685.25 since the open last night. Meanwhile in the December contract, the overnight high is 4632.75. In that contract the high of the year at 4634.50 was not broken. This is something we will want to watch closely.

On of the things that makes the rollover week tricky is the existence of both the expiring and the lead contract. When we throw in major news events this only adds to the drama. If the December contract can exceed 4634.50 before our news on Wednesday, it could shift all the focus to the March contract.

Over 70% of stocks track with the S&P 500 Futures

Current version of RoadMap 10-20-2023

Genesis Bar: Dec 11 (11:30am ET)

High: 4663.50

Low: 4656.75

Major Events:

Dec 12 CPI

Dec 13 PPI

Dec 13 FOMC Statement

Dec 13 FOMC Press Conference

Key Numbers Opens: Above or Below

4677.75 is the open

4660.75 is the open of the Week

4571.75 is the open of the Month

4349.00 is the open of the Quarter

3895.00 is the open of 2023

What's Hot and Not!

CPI, PPI, FOMC, and ADBE Earnings

This morning we have our CPI number. Compare both the Core and the standard numbers. Keep track of both, not just the one that fits your agenda. The same is true with PPI. The FOMC is expected to hold course, but everyone will be watching for any slight changes in language so keep your head on a swivel. ADBE report earnings Wednesday after the bell.

Download and Print Your DTI Daily Rundown Here

Past performance is not indicative of future results. Futures trading involves substantial financial risk.

Please consult your personal financial advisor before using this information for your own trading purposes.

RISK DISCLAIMER There is a very high degree of risk involved in trading.. DTI Trader and all individuals affiliated with this site assume no responsibility for your trading results. The indicators, strategies, columns, and all other features are for educational purposes only and should not be construed as advice. Information for futures trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned herein.