Nice turnaround at the close. Both ES and NQ hit their respective weekly S2's with solid bullish divergences (see ES 60 mn chart). If ES can hold ground above 1277.75, the outlook is bullish. Nagging concern is the SOX and 511, keep an eye on that. As predicted, QQQQ 41 keeps on being a magnet, either from above or below. Expect that to be the norm throughout next week.
This entry was posted
on Wednesday, March 08, 2006 at 10:02 PM.
