Pre-open:
NQ stalled right at the March lows (1668), ES is at the July lows (1168). Pretty straightforward for now. The problem for NQ is now an oil bid as Iran decides this is the right time to get defiant. Nevertheless, bonds are dropping and if oil can stay under 100, there is a chance we get an up day that holds (...). Resistance above 1668 will be weekly S2 at 1686, 1690 and 1693.50.
We will open with upside gaps. Closes will be ES 1163 and NQ 1647.
Philly Fed manufacturing at 10.
NQ stalled right at the March lows (1668), ES is at the July lows (1168). Pretty straightforward for now. The problem for NQ is now an oil bid as Iran decides this is the right time to get defiant. Nevertheless, bonds are dropping and if oil can stay under 100, there is a chance we get an up day that holds (...). Resistance above 1668 will be weekly S2 at 1686, 1690 and 1693.50.
We will open with upside gaps. Closes will be ES 1163 and NQ 1647.
Philly Fed manufacturing at 10.
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on Thursday, September 18, 2008 at 9/18/2008 09:16:00 AM.
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