Intraday 2: Bulls are easing back into the control reins. ES above 1316.50, YM above 11361 and NQ knocking on 50 dma 1712. Setting up a possible run to 1718. Still looking very precarious, but the ADDEC line for NQ has been improving as VXN drops from 10 day ema. Es lagging a little due to the drop in energy stocks. It all feels toppy, but a short covering rally here is definitely possible. Watch SOX 495 suppport now.
This entry was posted
on Monday, March 20, 2006 at 10:11 AM.
