Closing hour:
RUT makes it all the way up to 61.8% August (746.15), SPX tags the underbelly of the old wedge, while NQ is still stuck around 1919, without making new highs (so far). Bonds have dropped from their highs as 3.8% gets bought. AD lines are bullish, although once again the VIX did not make new lows on the ES new highs. This is normally a bearish divergence. This rally is still a bear flag for NDX.
We await DELL after the close.
RUT makes it all the way up to 61.8% August (746.15), SPX tags the underbelly of the old wedge, while NQ is still stuck around 1919, without making new highs (so far). Bonds have dropped from their highs as 3.8% gets bought. AD lines are bullish, although once again the VIX did not make new lows on the ES new highs. This is normally a bearish divergence. This rally is still a bear flag for NDX.
We await DELL after the close.
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on Thursday, August 28, 2008 at 8/28/2008 03:02:00 PM.
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