Oil dropped, GOOG closed above 400, the SOX rallied and shorts got snookered. NQ (NDX futures) is still facing resistance at 1725, so bulls are not in complete control. But it was quite a feat after the Feds and GOOG drop to come out screaming like this. YM (DOW futures) is the standout, regaining solid footing above October trendline support. 11042 is next resistance, but the real test is NQ 1725. Bulls need a close above.
This entry was posted
on Wednesday, February 01, 2006 at 8:31 PM.
