PM update:
ISE equity is above 200 (again), which means retail traders are loading up on calls going into next month. I don't recall seeing that many +200 reads even during the last bull and this is a bear market... Not much to do now but wait for the next shoe to drop.
If you are day trading this mess, NQ 2028.75 is weekly R2 and probably resistance on any bounce.
ISE equity is above 200 (again), which means retail traders are loading up on calls going into next month. I don't recall seeing that many +200 reads even during the last bull and this is a bear market... Not much to do now but wait for the next shoe to drop.
If you are day trading this mess, NQ 2028.75 is weekly R2 and probably resistance on any bounce.
This entry was posted
on Friday, May 16, 2008 at 5/16/2008 01:51:00 PM.
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