Nice rally for techs but also oil and YM (DOW futures) still lagging. The short at 10716 is not seriously challenged unless YM can manage a close above 10694, June highs. Chart shows a bullish continuation pattern (bull pennant), and I am watching this very closely, however July 21st zone of resistance is still solid even for ES, keeping me in the trade for now.
click on chart for full size
click on chart for full size
This entry was posted
on Tuesday, August 02, 2005 at 2:05 PM.
