YM found support just above 38.2% 2007 and 20 DMA. Resistance is now 12722/12723 and 12736. ADVDEC lines -623, so no real panic. But that could change if YM trades again below 12672. Currently at 12683, a solid 100 point drop from highs. The SOX is up, which is normally supportive, but financials and banks are down. TNX has a bid above 47.20. If you are trading techs, keep an eye on INTC and trendline support at 20.81, must hold. It's a big SOX/SMH component.
This entry was posted
on Thursday, February 22, 2007 at 2/22/2007 12:18:00 PM.
You can skip to the end and leave a response.
» Post a Comment