Morning update:
NQ manages a spike to yesterday's lows (1664.75), pretty strong resistance after a battle at the 1650 level. If we lose 1650, we run the risk of testing pre-open lows. A move above 1665 sets up a gap close (1680). As for ES, a brief move above 1200 was sold, now trading at 1197. but the action is choppy up here. Internals are very negative.
U.S. Sept. UMich consumer sentiment 70.3 vs. 71.5 expected
NQ manages a spike to yesterday's lows (1664.75), pretty strong resistance after a battle at the 1650 level. If we lose 1650, we run the risk of testing pre-open lows. A move above 1665 sets up a gap close (1680). As for ES, a brief move above 1200 was sold, now trading at 1197. but the action is choppy up here. Internals are very negative.
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on Friday, September 26, 2008 at 9/26/2008 10:06:00 AM.
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