YM (DOW futures) is finding heavy resistance at its 5 DMA and 61.8% 12779. Until the overnight highs get taken out (12782), it will struggle. TNX is back above 4.7%. NQ and techs are screaming, punching through resistance, but watch for a failure at R2 (1855.75). Internals are solidly bullish, but you get a sense the market wants a pause.
NYSE hit 9455 once again and backed off. Is that what the computers are programed at? Sell at NYSE 9455.30? (100% projection 2000/2002). If we ever close above that, look out above. If not, we could be in for some chop.
NYSE hit 9455 once again and backed off. Is that what the computers are programed at? Sell at NYSE 9455.30? (100% projection 2000/2002). If we ever close above that, look out above. If not, we could be in for some chop.
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on Thursday, February 22, 2007 at 2/22/2007 10:04:00 AM.
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