Bears are now in full control. What did bulls expect? New multi-year-highs with rising rates and financials down? It took a calm head to short the top, but reason has prevailed. Lower stops on ES short to 1316. If more conservative, lower it to 1313, now stiff resistance. Weekly S1 for ES is 1299.50, target on the trade. NQ should move down to 1675 if it can't close above 1696.
This entry was posted
on Tuesday, March 21, 2006 at 12:08 PM.
