NQ 10 day ema is at 1799. ES 10 day ema is at 1400 and was hit pre-open.
Looks like foreign assets have started dumping anything American due to the dollar decline while everyone here was digesting turkey. I had specifically commented on that possibility yesterday morning. It is not a coincidence that NDX hit critical mass at the same time and VIX did a double bottom on Wednesday off twelve year closing lows the day before.
Weekly pivot for ES is 1398.50. NQ is 1792, should things get really ugly. Resistance for NQ is last week's highs at 1813, but draw your fibs inside the opening gap and watch 50% level.
Looks like foreign assets have started dumping anything American due to the dollar decline while everyone here was digesting turkey. I had specifically commented on that possibility yesterday morning. It is not a coincidence that NDX hit critical mass at the same time and VIX did a double bottom on Wednesday off twelve year closing lows the day before.
Weekly pivot for ES is 1398.50. NQ is 1792, should things get really ugly. Resistance for NQ is last week's highs at 1813, but draw your fibs inside the opening gap and watch 50% level.
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on Friday, November 24, 2006 at 11/24/2006 09:10:00 AM.
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