Pre-closing hour:
Shorts hit the panic button on -115 oil, but again, the latest push for NQ is not met by new lows for VXN (or the VIX) and we retreat from right under 1942, 61.8% of the week. Bulls want a close above the 10 dma (1938), watch QQQQ 47.56 on any pullback. ES failed to breach the key 1292 level. Caution.
Shorts hit the panic button on -115 oil, but again, the latest push for NQ is not met by new lows for VXN (or the VIX) and we retreat from right under 1942, 61.8% of the week. Bulls want a close above the 10 dma (1938), watch QQQQ 47.56 on any pullback. ES failed to breach the key 1292 level. Caution.
This entry was posted
on Friday, August 22, 2008 at 8/22/2008 02:44:00 PM.
You can skip to the end and leave a response.
» Post a Comment