For Monday,
The last day of the year - Today, I would expect moderate volume today to the upside. Buy the eMini S&P's at the support points. When the markets re-open on Wednesday the market will continue the intermediate bear trend.
Upcoming Reports:
Monday -
Existing Home Sales - 10:00am ET
Wednesday
FOMC Minutes - 2:00pm ET (a BIG one)
Thursday
Jobless Claims - 8:30am ET
Friday
Employment Situation - 8:30am ET (a BIG one)
Holiday Trading Hours:
CME Equity Index (eMini S&P, Russell) - The CME Globex will close for the New Year's Holiday at 3:15pm Central on Monday, December 31 and will not open until 5am on Wednesday, January 2nd. - If you have questions about a specific market - let me know - josh@trademaven.com
Volume Weighted Pivot, Support and Resistance for Monday, Dec 31st:
What is Inside Edge?
A comprehensive trader’s education forum focused on e-Mini S&Ps and U.S. Treasury Bond Futures. TradeMaven’s Inside Edge features the necessary analytics and execution information in one place to speed up your decision process, keep you on the right side of the market, and eliminate so much of the noise that surrounds trading today. This unique forum is the brainchild of Charles Cochran – a trading pro who has spent the last 15 years fine-tuning a proven methodology that eliminates extraneous information and concentrates on the market activity that matters: the market activity that foretells the market's next move.
