Posted By: Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
FOMC is behind us and the market is heading into the final little stretch of the year, going into that last two weeks of 2010 along with the holiday season and what may be lower volume period.
In between, I see a possibility for a pull back on the Mini Russell 2000 if prices can break below 767.00 basis the march contract. Daily chart for your review below:
Economics Report Source: http://www.forexfactory.com/calendar.php
Wednesday, December 15th, 2010
Core CPI m/m
Empire State Manufacturing Index
TIC Long-Term Purchases
Capacity Utilization Rate
Industrial Production m/m
NAHB Housing Market Index
Crude Oil Inventories
This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Company, Inc. Any statement of facts herein contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgment in trading!