Pre-open (3):
Full text of the Feds decision: link.
As mentioned earlier. ES 1470 is resistance, support will be 1436, 1414 and 1400. For NQ (NDX), resistance is 1914, 38.2% retrace and 1929, 10 dma. Support is 1885, 1875 and 1860, 200 dma continuous contract. Gap closes are: ES 1424.50, YM 12944, NQ 1856.50 and ER 774.50.
How about that VIX chart I posted yesterday? Nothing like a shooting star to put you at ease in a bias. Just remember: don't get greedy. Take the money or at the very least raise your stops to a nice profit level.
It looks like the ES 200 dma at 1461.75 (continuous contract) is holding things back, with that 20 dma just above at 1471 adding another layer of resistance.
Full text of the Feds decision: link.
As mentioned earlier. ES 1470 is resistance, support will be 1436, 1414 and 1400. For NQ (NDX), resistance is 1914, 38.2% retrace and 1929, 10 dma. Support is 1885, 1875 and 1860, 200 dma continuous contract. Gap closes are: ES 1424.50, YM 12944, NQ 1856.50 and ER 774.50.
How about that VIX chart I posted yesterday? Nothing like a shooting star to put you at ease in a bias. Just remember: don't get greedy. Take the money or at the very least raise your stops to a nice profit level.
It looks like the ES 200 dma at 1461.75 (continuous contract) is holding things back, with that 20 dma just above at 1471 adding another layer of resistance.
This entry was posted
on Friday, August 17, 2007 at 8/17/2007 08:22:00 AM.
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