Lowering stop on YM short to 10716, break-even. Weekly R1 is 10714, trendline resistance is 10680 and June high is 10694. That entire zone must hold as resistance for bears.
NDX hit 38.2% retrace (1572) of July rally yesterday and that level is key for bulls to hold.
This entry was posted
on Wednesday, August 17, 2005 at 7:12 AM.