Jump to a section in this post:
1. Market Commentary
2. Support and Resistance Levels – S&P, Nasdaq, Dow Jones, Russell 2000, Dollar Index
3. Support and Resistance Levels – Gold, Euro, Crude Oil, T-Bonds
4. Support and Resistance Levels – Corn, Wheat, Beans, Silver
5. Economic Reports for Tuesday December 11, 2012
A December Monday with out any economic numbers resulted in a very narrow, low volatility type of trading.
Understanding the environment you are trading in is a bit factor for day traders.
As far as market outlook, my instinct is that the pressure is up towards the 1429, however I don’t think this set up is worth the risk/ reward.