That ES gap above is still unfilled, at 1489.50. Resistance is 1483.75, just under a 50% fill, the high today was 1484.50 and maybe that was enough to set up a stab at last Friday's gap (1461.50). Time will tell, but keep those numbers up on your screen (including 1480.50, the gap open and current overnight resistance).XLNX and NSM down after hours, this could spill over into semis tomorrow, although economic data will supersede anything at this point. NQ (NDX futures) traders watch 2000.75, last week's high.
Note that when bonds sell, we have seen rallies as traders interpret this as money going back into risk. However, tomorrow will be another story. A strong jobs report might kill the 50 basis point cut and that could be a negative.
This entry was posted
on Thursday, September 06, 2007 at 9/06/2007 11:13:00 PM.
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