Intraday update: NQ (30 mn chart) and QQQQ hit a lower low with a bullish divergence. COMP hits November gap open (daily chart), with a bullish divergence and bounces. There is still risk for gap close there at 2145 or so, but the long trades can start being initiated. Just use tight stops. Once a bounce starts, look for NQ 1585 to hold.
This entry was posted
on Monday, May 22, 2006 at 9:22 AM.
