Pre-open:
Sept. 26 (Bloomberg) -- Republicans splintered over the proposed $700 billion rescue of the U.S. financial system, imperilling an agreement hours after a bipartisan group of negotiators and the White House said one was near.
The markets are speaking out and it is not pretty. Futures are down more than 2%, NQ 2.75%. Support is currently weekly S1 for NQ at 1634. For ES, 1187/88 is an important mark.
Gaps are ES 1213.50 and NQ 1680. Interim resistance for NQ is at 1650.75.
Pivots: link.
Sept. 26 (Bloomberg) -- Republicans splintered over the proposed $700 billion rescue of the U.S. financial system, imperilling an agreement hours after a bipartisan group of negotiators and the White House said one was near.
The markets are speaking out and it is not pretty. Futures are down more than 2%, NQ 2.75%. Support is currently weekly S1 for NQ at 1634. For ES, 1187/88 is an important mark.
Gaps are ES 1213.50 and NQ 1680. Interim resistance for NQ is at 1650.75.
Pivots: link.
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on Friday, September 26, 2008 at 9/26/2008 08:56:00 AM.
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