VXN envelopes at reversal point. YM bullish divergence hourly chart, a long at 50 dma (10935/10936)confluence weekly S1 is a tentative trade, stop moved up to 10935. NQ and ES bounced off their respective weekly S1's as well. Support levels are now NQ 1666, ES 1277 and YM 10936. It's not very convincing, but QQQQ hit 41, that magnet zone I wrote about this weekend. SOX held 50 dma, but lost the trendline. We see what gives tomorrow.
This entry was posted
on Monday, March 06, 2006 at 3:58 PM.
