How Much Juice Is Left in This “Rally?”
The futures contracts will begin to roll soon to the December expiry.
Our View
The main thing that happened yesterday is that the ES held the 3880 level on Globex and the 3900 level during the day session. After firmly getting above the open and the prior day’s close, the ES 'dropped & popped' its way up to 3988.50.
Today is the official start of the rollover — where the December contracts go in the front month configurati…