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Strategies & Market Trends : MDA - Market Direction Analysis

SPY 674.96

+0.9%

Nov 25 4:00 PM EST

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To: bobby beara who wrote (33543)	11/16/1999 8:16:00 PM
From: Robert Rose	Read Replies (2) of 99985

For anyone who missed this: ------- Tuesday November 16, 7:59 pm Eastern Time US stock index futures end up sharply, near peaks Nov 16 - U.S. stock index futures probed sharply higher late and settled near peaks on relief after the Fed hiked the Fed Funds and discount rates, but also adopted a neutral stance. December S&Ps swung in wide range after the announcement. Late surge came on very active buying to reach 1,433 and settle at the highest level since setting the 1,445 contract high in July. Contract high is near-term target, support near 1,395 to 1,400 near term. December Nasdaq 100s set fresh contract high. 408-8750 chicago.derivatives.newsroom@reuters.com))

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