NQ hits weekly S2. YM needs to hold 12141, 61.8%.
We could be in the process of forming a short term bottom as a -40 day for NQ is pretty much an extreme. It will depend on oil, of course, now trying to catch another bid above 60. We cannot discount NQ hitting its 20 dma at 1771, which would make for a very, very bearish day. Remember that tomorrow we have some important economic numbers.
We could be in the process of forming a short term bottom as a -40 day for NQ is pretty much an extreme. It will depend on oil, of course, now trying to catch another bid above 60. We cannot discount NQ hitting its 20 dma at 1771, which would make for a very, very bearish day. Remember that tomorrow we have some important economic numbers.
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on Monday, November 27, 2006 at 11/27/2006 02:09:00 PM.
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