PM update (2):
Bulls drop the ball and we retest the lows. ADVDEC line is a very negative -2200. YM breaks below 13900 and ES loses its 50 dma. It's a rough day for bulls. Noting that NQ is not making new lows, unlike ES and NQ. Should YM lose 13886, we could see 13840, weekly S1. The VIX is back at 18.
Bulls drop the ball and we retest the lows. ADVDEC line is a very negative -2200. YM breaks below 13900 and ES loses its 50 dma. It's a rough day for bulls. Noting that NQ is not making new lows, unlike ES and NQ. Should YM lose 13886, we could see 13840, weekly S1. The VIX is back at 18.
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on Tuesday, July 24, 2007 at 7/24/2007 01:55:00 PM.
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