For Wednesday,
Trading volume should be back to normal on the first trading day of the year. Uncertainty is a word we are hearing a lot lately. However volatility us great for futures markets - more opportunity. Short term the market will be bearish.
Upcoming Reports:
Wednesday
FOMC Minutes - 2:00pm ET
Thursday
Jobless Claims - 8:30am ET
Friday
Employment Situation - 8:30am ET (a BIG one)
Volume Weighted Pivot, Support and Resistance for Wednesday, Jan 2nd:
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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.
