Updated SOX chart, the one to watch for bulls. Right now we are at 525 resistance, confluence of 50% 2006 and 23.6% 2005 October low and 2006 high. Support is 50 dma at 522 and below that 511. Important times now as QQQQ knocks on 43, an area with lots of call resistance. YM and ES lagging on rate concerns, but everything can change with the jobs data tomorrow.
This entry was posted
on Thursday, April 06, 2006 at 5:37 PM.
