For Tuesday:
It should be a slow day before the Fed announcement at 2:15pm ET. I expect the eMini S&Ps to rally a bit more before the market opens for regular trading hours and find a channel to trade before the announcement.
The Fed is expected to announce a 25 bp cut; the market has been buying off this news for the last two weeks. I would expect a break (down move) initially off the news, followed by making new highs shortly thereafter.
BE CAREFUL TRADING THE ANNOUNCEMENT - take profits quickly.
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BTW - eMini's will Rollover to the March contract Thursday Morning -
Volume Driven Support and Resistance for Tuesday Dec 11th 2007:
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