For all of you index traders, you may have noticed the shrinking Open Interest and Volume in the June contracts. It’s that time when volume shifts to the next quarterly expiration contract. September! the symbol is U.
June volume will be drying up quickly, don’t get stuck next Friday morning with a June contract at the crack of dawn when the carousel stops.
I personally start trading the September, U contract this Monday but many traders will start switching as of today….just make sure your charts are aligned – meaning that both the DOM and the charts use the same symbol.
Watch video below on how to rollover if you are a stock index trader on our E-Futures Platform!
If you are a day trader, below you will see markets that our proprietary ALGO has identified as being more suitable for attacking either from the long side or the short side for the next trading session.
Questions? We are happy to help!
Daily Levels for June 14th, 2024
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* This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.