Intraday update: Lots of chop ahead of Friday's job data. Ths is the chart to watch, NQ (Nasdaq 100 e-mini-futures). Clear resistance at 61.8% 2006(1739.25) as well as that yet unfilled gap above from January (1737.50/1778.50). Globex now offers .25 spreads on NQ and it is becoming a very attractive vehicle. Keep an eye on that channel we are in now. Nasdaq Advance/decline line has been negative these days and not in sync with the bullish bias. Trade the range.
This entry was posted
on Tuesday, April 04, 2006 at 11:55 AM.
