COMP closes its August 27th gap (2561) and holds above at 2563. Bullish engulfing candles for techs (NQ/QQQQ/COMP) but not quite for SPX and ES, although SPX does a solid close above its 200 dma. Big day for bulls on slightly higher volume than yesterday. Resistance is pretty solid at ES 1469/1471. For NQ it's 1961.25 and 1972. Support is 1952.75. Bonds sold and that is all bulls needed. However, it's not like they were really dumping them so watch ZN overnight.
Lots of news pre-open tomorrow, this is still a day to day market.
Lots of news pre-open tomorrow, this is still a day to day market.
This entry was posted
on Wednesday, August 29, 2007 at 8/29/2007 04:05:00 PM.
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