Morning update (2);
QQQQ goes up to 42.18, right under the March gap open and gets rejected. Bulls will want to see us close the day above (42.24) and out of the old gap. Lots of uncertainty below 42.24. We knew there would be a bounce at 10/05 lows, now we see how much they love it. XLF hit a low of 18 pre-open, now green at 19.15, but off the highs of 19.52.
ES 1285 is support, below that it's 1179.25, 1177 and 1172.
Big bounce off 1185 as I type, ES back at 1194. Overnight highs at 1200.50 have not been tested yet.
QQQQ goes up to 42.18, right under the March gap open and gets rejected. Bulls will want to see us close the day above (42.24) and out of the old gap. Lots of uncertainty below 42.24. We knew there would be a bounce at 10/05 lows, now we see how much they love it. XLF hit a low of 18 pre-open, now green at 19.15, but off the highs of 19.52.
ES 1285 is support, below that it's 1179.25, 1177 and 1172.
Big bounce off 1185 as I type, ES back at 1194. Overnight highs at 1200.50 have not been tested yet.
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on Tuesday, September 16, 2008 at 9/16/2008 10:49:00 AM.
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