PM update:
NQ drops the May trendline at 1992 and the selling accelerates. NDX looks headed for another key test, its 200 dma at 1958. SPX drops 1405/1406, another major level of support. Bulls need a close above 1405 we could even see the entire May gains evaporate before the month is over.
NQ drops the May trendline at 1992 and the selling accelerates. NDX looks headed for another key test, its 200 dma at 1958. SPX drops 1405/1406, another major level of support. Bulls need a close above 1405 we could even see the entire May gains evaporate before the month is over.
This entry was posted
on Wednesday, May 21, 2008 at 5/21/2008 02:11:00 PM.
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