More on QQQQ. Today we tested neckline of inverse head and shoulder and since it coincides with the top of July gap, it was critical. These lows must hold (38.61), or the gap close at 38.40 might not be enough to hold us up. It's all set up for bulls to take it from here, they better not fumble. Oil inventories coming tomorrow and will be market moving either way.
click on chart for full size
click on chart for full size
This entry was posted
on Tuesday, August 23, 2005 at 6:01 PM.
