Closing session:
NDX/QQQQ/NQ make it up to their 50 dma's, but crude gets that close above 118. It doesn't mean much now, but if it starts basing, we could see north of 120 next week.
Bulls flipped a switch and everything went green after the 2 PM turn. They will need a close above those 50 dma's to hit the gaps this week. I am still betting on next week (QQQQ 47.56 and COMP 2401) for such an event, but anything can happen of course. If crude goes green overnight, it will be tough.
QQQQ short term bears want to see a close below 46.58.
VIX hits sub 20.
NDX/QQQQ/NQ make it up to their 50 dma's, but crude gets that close above 118. It doesn't mean much now, but if it starts basing, we could see north of 120 next week.
Bulls flipped a switch and everything went green after the 2 PM turn. They will need a close above those 50 dma's to hit the gaps this week. I am still betting on next week (QQQQ 47.56 and COMP 2401) for such an event, but anything can happen of course. If crude goes green overnight, it will be tough.
QQQQ short term bears want to see a close below 46.58.
VIX hits sub 20.
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