Watch ES 50% of gap at 1459.5 on any bounce attempt. Gap close is at 1461.75. The ADVDEC lines are not that dramatic, only -900, so bears should not count their chips quite yet. NQ above 1836 would give bulls a lift (ex-trendline resistance). Price to watch along with YM 12764.
The markets are awaiting the release of the Fed minutes later on. There is hope amongst bulls that it will be sufficiently dovish to counter-act this morning's news.
Yield on the ten year note has moved up above 4.7%.
The markets are awaiting the release of the Fed minutes later on. There is hope amongst bulls that it will be sufficiently dovish to counter-act this morning's news.
Yield on the ten year note has moved up above 4.7%.
This entry was posted
on Wednesday, February 21, 2007 at 2/21/2007 09:36:00 AM.
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