Lackluster data from China and Europe has the Globex European session down initially after the Asian session climbed back through yesterday’s late selloff. Volatility remains extremely high and coupled with ES contract rollover, reading order flow for the rest of this week will be difficult. Size bias is long into this morning’s numbers, but given recent volatility, directional bias can change quickly.
Today is ES contract rollover day, thus 2 worksheets are posted; one for the ES Sep 2015 contract and one for the ES Dec 2015 contact. It’s expected that the Sep contract will remain the dominant contract (i.e. trade the most volume through today), however volume will be split adding to volatility of both contracts and making order flow reading more difficult.
ES September 2915 Contract
ES December 2015 Contract
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