There's enough for everyone. Bears are pointing out higher oil and falling home sales, bulls are trying to look forward at a possible growth reversal. Let price dictate. If NQ gets above 1800, next level of resistance is 1804/1805. Key support is now NQ 1794 and ES 1400.
Right now, NQ is finding some resistance at confluence 50% and R2 (1798/1799). Watch oil and the 62 level. The higher high at 1800 was made with a bearish divergence. That can change with the pre-lunch push, but for now it's there.
Right now, NQ is finding some resistance at confluence 50% and R2 (1798/1799). Watch oil and the 62 level. The higher high at 1800 was made with a bearish divergence. That can change with the pre-lunch push, but for now it's there.
This entry was posted
on Wednesday, November 29, 2006 at 11/29/2006 11:19:00 AM.
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