Overnight session:
Trading started almost two hours ago and ES has already closed the November 20th gap at 1447. If buyers keep this up, we could be in for a nice pop higher tomorrow. Oil is still a problem, at 98.70.
NQ will need to see a cross of the 5 dma above its 10 dma in order to put any faith in a rally. Currently 2029/2035. But right now, I would not be short this market.
Trading started almost two hours ago and ES has already closed the November 20th gap at 1447. If buyers keep this up, we could be in for a nice pop higher tomorrow. Oil is still a problem, at 98.70.
NQ will need to see a cross of the 5 dma above its 10 dma in order to put any faith in a rally. Currently 2029/2035. But right now, I would not be short this market.
This entry was posted
on Sunday, November 25, 2007 at 11/25/2007 07:46:00 PM.
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