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DTI Daily Rundown - September 12

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On TBUZ TV Today:

4530 Pivot.

4545 Resistance

4500 Support

Opens: 2023 3895.00; 3rd Quarter 4485.50; Month 4516.25

Recording from Saturday: https://vimeo.com/862741057/af58ec1bfc

Adjust for Rollover. AAPL big event Tuesday!

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Market Review:

A Tale of Two Contracts

This is a unique week for futures contracts. It only occurs 4 times a year. The September contract, which is no longer lead, is still trading. Last night the September contract in the ES opened at 4487.75. It is slightly higher than the July open of 4485.50. However, the December contract is the lead contract. It opened last night at 4536.50. Overnight volume with about an hour to go until the opening bell is telling. The December contract has traded over 217,000 contracts. The September contract has traded over 155,000 contracts.

Rollover is confusing. Which number are we paying attention to in which contract? Is it the open of the quarter at 4485.50 in the September contract? Is it the open of the month at 4516.75 in the December contract? That is our challenge as traders. Find out, and make it make sense.


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

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Major Events:

Sep 13 CPI

Sep 14 PPI

Sep 14 Retail Sales

Sep 15 Empire State Manufacturing

Sep 15 Consumer Sentiment

Key Numbers Opens: Above or Below

4536.50 is the open

4516.75 is the open of the Month

4514.00 is the open of the Week

4485.50 is the open of the Quarter

3895.00 is the open of 2023

What's Hot and Not!

Adobe Inc. (ADBE)

ADBE reports Thursday after the bell. ADBE opened the year at 340.16. They opened the quarter at 486.39, and they opened the month at 564.80. This month ADBE has been up to 570.24 and down to 551.08. They closed the previous day at 564.50.

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.

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