Close:
Bulls hold on to November lows for SPX and the DOW, in fact the last 15 minutes saw quite a bounce from there. QQQQ also retested its long term trendline (47.75, see weekly chart) and bounced back at the close, although faces 61.8% resistance at 48.47. It looks like bulls averted a disaster today by stepping in where they needed to.
Weekly S1's were not hit for ES and NQ, but NQ came very close. With the TRAN, RLX, BIX, SMH and XLF up, the day is not all that bad, unless you were long GOOG or DELL.
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on Monday, January 07, 2008 at 1/07/2008 03:59:00 PM.
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