Morning update:
The NDX gap close discussed last night is at 2053, the high so far is 2049.92, which could also be an option issue (2050). NQ has resistance above that at 2079 but we are now 13% off the August lows. A 7 fractal would put us at 14% and 2090, but I doubt we will see that. ES is at highs but the VIX is not confirming as it is well off its lows of 19.17. That is normally a warning for longs, but we still have noise associated with oil.
Update:
NDX closes the 2053 gap (2052.92). ES hits R1.
Update:
YM closed its July gap at 13943. Remember the same gap for COMP at 2673.79/2690.58 (yesterday's chart).
The NDX gap close discussed last night is at 2053, the high so far is 2049.92, which could also be an option issue (2050). NQ has resistance above that at 2079 but we are now 13% off the August lows. A 7 fractal would put us at 14% and 2090, but I doubt we will see that. ES is at highs but the VIX is not confirming as it is well off its lows of 19.17. That is normally a warning for longs, but we still have noise associated with oil.
Update:
NDX closes the 2053 gap (2052.92). ES hits R1.
Update:
YM closed its July gap at 13943. Remember the same gap for COMP at 2673.79/2690.58 (yesterday's chart).
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on Wednesday, September 19, 2007 at 9/19/2007 10:43:00 AM.
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