Updated COMP chart, with that yet to be filled gap at 2690.58.
Interestingly enough, the gap close is right at wedge resistance. Earlier this year, we saw many of these bearish ascending wedges get nullified, will it be the same in this environment? I will give bears the edge as we get closer to October. The sentiment turnaround is far too abrupt for this time of year.
Monday's are great for either shorting weekly R1's or buying weekly S1's with NQ. Let's see if we get one of them.
This entry was posted
on Sunday, September 23, 2007 at 9/23/2007 02:42:00 PM.
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