Roll-Over Day in U.S. Indexes

I usually hate rollover days as there is a lot of spread trading between the current and the new front month. It often distorts things, but not always. I take a bit of extra care on these days.


I'm getting back to the grind today although I'm not in full mode until next Monday. Still catching up on stuff and putting on some new option positions today. The second blog starts next week so I can share some trades with you as I do them.


The trade today was the ES trade I took in the morning, London time. It was the usual pullback in the direction of the trend. I got an early entry as the market pulled back onto support at the 33EMA and displayed the thrust with a "W" formation in the short CCI, a pretty good picture for me. The early entry - before the close of the bar - allowed me to take some profit at 1.5 points and then to manage the balance with less risk.