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The advance continues but is rather labored and we could reverse especially if the VIX hits 19, daily S1. Overnight highs were tested by NQ, but so far we can't really break out above them, especially since weekly S1 is right above. Gaps have not yet been filled. Watch NQ 1921/1922 on any drop. If we push above current resistance, the next level is ES 1292 and NQ 1935/37. Intrenals are bullish for now, but the ticks are starting to look inefficient.
The advance continues but is rather labored and we could reverse especially if the VIX hits 19, daily S1. Overnight highs were tested by NQ, but so far we can't really break out above them, especially since weekly S1 is right above. Gaps have not yet been filled. Watch NQ 1921/1922 on any drop. If we push above current resistance, the next level is ES 1292 and NQ 1935/37. Intrenals are bullish for now, but the ticks are starting to look inefficient.
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on Friday, August 22, 2008 at 8/22/2008 09:53:00 AM.
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