DTI Daily Rundown - December 12

On TBUZ TV Today: 4680 Pivot. 4711 Resistance. 4660 Support. Opens: 2023 3895.00; 4th Quarter 4349.00; Month 4571.75 Wednesday Recording: https://vimeo.com/892077409/a78276d421 10:45am Tuesday Morning Connect the Dots Account for Rollover from December to March contracts

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Market Review:

Rollover The market did not retrace prior to rollover. Consequently this week the ES futures open at a new high of the year, 4660.75. They have traded up to 4685.25 since the open last night. Meanwhile in the December contract, the overnight high is 4632.75. In that contract the high of the year at 4634.50 was not broken. This is something we will want to watch closely. On of the things that makes the rollover week tricky is the existence of both the expiring and the lead contract. When we throw in major news events this only adds to the drama. If the December contract can exceed 4634.50 before our news on Wednesday, it could shift all the focus to the March contract.

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Current version of RoadMap 10-20-2023

Genesis Bar: Dec 11 (11:30am ET)

High: 4663.50 Low: 4656.75

Major Events: Dec 12 CPI Dec 13 PPI Dec 13 FOMC Statement Dec 13 FOMC Press Conference Key Numbers Opens: Above or Below 4677.75 is the open 4660.75 is the open of the Week 4571.75 is the open of the Month 4349.00 is the open of the Quarter 3895.00 is the open of 2023

What's Hot and Not! CPI, PPI, FOMC, and ADBE Earnings This morning we have our CPI number. Compare both the Core and the standard numbers. Keep track of both, not just the one that fits your agenda. The same is true with PPI. The FOMC is expected to hold course, but everyone will be watching for any slight changes in language so keep your head on a swivel. ADBE report earnings Wednesday after the bell.

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