Overnight session:
Sept. 28 (Bloomberg) -- President George W. Bush and congressional leaders said they reached an agreement on a $700 billion bank-rescue package designed to revive moribund credit markets.
The week of 9/14 saw ES trade in a very wide range between 1136.25 and 1291.25. Last week, the battle centered around 1213.75, the 50% mark. Expect the same level to be important going forward, including tonight. 10 dma support is at 1205.75, trouble starts again below 1195.
For NQ, it's pretty straightforward: don't lose the March lows at 1668.75.
Pivots: link.
This entry was posted
on Sunday, September 28, 2008 at 9/28/2008 09:27:00 PM.
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