Good day for bulls, given the initial selling. NQ (NDX future) manages a close above 1847, which could set up 1859/1860, Feb gap close and weekly R2. Above that, bulls will be pushing their luck without a pullback to the 10 DMA. The DOW seems particularly over-extended.
OEX held 670 and many will notice the overall bullish implications. We could be seeing some rotation out of smaller caps into the big guns of S&P 100.
OEX held 670 and many will notice the overall bullish implications. We could be seeing some rotation out of smaller caps into the big guns of S&P 100.
This entry was posted
on Wednesday, April 18, 2007 at 4/18/2007 04:25:00 PM.
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