Morning update:
ES support is now 200 dma continuous contract at 1462.50. NQ is finding resistance in the 1940 area (see previous post), but it looks like the coil of the past few days has now clearly broken to the upside. Nevertheless, this is still summer trading so watch your step, especially with rallies that get an early start. Bonds are still the ones to watch, any hint of a bid and the bulls could stall. Jobless claims on deck tomorrow.
I'll check in later as I only have occasional online access where I am.
ES support is now 200 dma continuous contract at 1462.50. NQ is finding resistance in the 1940 area (see previous post), but it looks like the coil of the past few days has now clearly broken to the upside. Nevertheless, this is still summer trading so watch your step, especially with rallies that get an early start. Bonds are still the ones to watch, any hint of a bid and the bulls could stall. Jobless claims on deck tomorrow.
I'll check in later as I only have occasional online access where I am.
This entry was posted
on Wednesday, August 22, 2007 at 8/22/2007 10:57:00 AM.
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