Bulls pick a fight and they run NQ up to 1787.50, 20 day moving average and week of March 4 high. We will see if they can manage a close above, which would be quite bullish and set up a test of NDX 1800. It's a tall order and I doubt they can swing it before the Feds, but one never knows. Price is king, so don't get married to any bias. Traders are ignoring the Yen rise (...), but the onus is now on the bulls at this critical juncture. The trade might be to find a good short ahead of the announcement, but only hold one that has built a cushion going in, otherwise you will get whipped around.
ES (SPX future) traders will note 38.2% resistance at 1718.25.
The advice to buy gold the past week has served many well and I don't see any reasons to alter that. 660.70 is a key level, a close above that sets up a test of 2007 highs.
ES (SPX future) traders will note 38.2% resistance at 1718.25.
The advice to buy gold the past week has served many well and I don't see any reasons to alter that. 660.70 is a key level, a close above that sets up a test of 2007 highs.
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on Tuesday, March 20, 2007 at 3/20/2007 11:32:00 AM.
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