As we head into the 2 PM turn, NQ held trendline once again at 1972. Shorts could be on the defensive, or at least booking profits. Opening lows at 1986.50 need to hold after we bounce. It's a scalp day, sell resistance, buy support with a bearish bias at this point, although the closing hour and a half will be more telling. Once shorts have covered, they might re-attack if NQ loses 1986.50.
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on Friday, July 27, 2007 at 7/27/2007 01:57:00 PM.
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