Trading plan for Sept. 9, 2016

160908-es-daily

ESU6 Sept. 8, 2016. Daily chart.

ES lost some upside momentum strength during yesterday’s regular trading hours. Price closed seven pints below the previous close.

Yesterday’s loss could result from rollover mixed moves. The bulls exited from the September contract; some moved into the December contract right away, but some didn’t. Nevertheless the volume was relatively heavy. Price didn’t deteriorate too much.

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