Intraday update 1
True to form, QQQQ found resistance at 41.50 area. SPX is having a rough time as it approaches 1300. We could have one push for ES to 1313/1314 area, which I would short. NQ has potential to 1717, QQQQ 41.75, but that should cap it, unless the SOX does a convincing break above 511, which is not yet the case. A quick short of oil (QM) was done at 63.025 and exited at 62.225. Resistance there is now 62.55, target would be 61.75 should 62.55 not hold.
This entry was posted
on Wednesday, March 15, 2006 at 9:30 AM.
