It never ceases to amaze me that no matter what the news, NDX futures will nail their targets, whether a low in a downtrend or a high in an uptrend. Today's hit of NQ 1829.25 is no exception, a hair below monthly R2, 61.8% projection at 1830.50 and right under NDX 1825 call resistance. The close is bearish, although doji-like, dropping nine points after hitting a clear cut negative divergence at new highs.
The big story of the day will be Europe and Asia dumping dollars and US stocks while americans were digesting turkey.
This entry was posted
on Friday, November 24, 2006 at 11/24/2006 01:05:00 PM.
You can skip to the end and leave a response.
» Post a Comment