Wild session, but in the end we had what could be a key reversal day. QQQQ/NDX went down and pretty much closed last week's gap. Still a very tough environment, but the buy orders were lined up and shorts scrambled to get out of the way.
ISE closed at 107 (equity), another plus for the bulls as pessimism keeps mounting. As noted earlier, the RUT successfully tested the August lows.
Consumer sentiment and leading indicators tomorrow at 10. More volatility.
Oil at 98 is a major negative, hopefully EIA inventories at 10:30 will help temper this surge.
NQ traders, support is now 2028, 2016.75, 2014 and 1996. ES has clear cut resistance at 1447.50.
ISE closed at 107 (equity), another plus for the bulls as pessimism keeps mounting. As noted earlier, the RUT successfully tested the August lows.
Consumer sentiment and leading indicators tomorrow at 10. More volatility.
Oil at 98 is a major negative, hopefully EIA inventories at 10:30 will help temper this surge.
NQ traders, support is now 2028, 2016.75, 2014 and 1996. ES has clear cut resistance at 1447.50.
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