Contract Rollover & Sitting at Critical Level (4:24)
OK, quick video today. We’ve got Emini contract rollover happening Thursday and that’s rippling through all of my continuous contract charts. It’s a pain to trade because the volume gets split between the “old” and “new” contracts.
But, we’re at critical levels and broken into a downtrend on the 40,500 tick chart. I’m looking for a big day Thursday (complicated by rollover, so maybe Friday). If the 1,590 to 1,600 level gets broken it could get ugly. Plus Forex and Bonds charts are showing a possible turning point too.
If you want more detail, watch this video on Contract Rollover & Continuous Contracts
Good luck with your Emini trading.