Open update: I guess one thing we can count on is Friday option expiration week staying in its usual dull self. The gap was filled for NQ at 1594.75 and we might have to wait for Monday for the shorts to get jammed. Bulls would like QQQQ to close the day above 39.35. INTC has recouped most of the after-hours losses, at least for now. The SOX is bullishly above 480, even with the INTC drop. Resistance there is 486. NQ needs to hold 1594.75 if we do not want to see new lows. A break of 1594.75 sets up a test of weekly S2 at 1583.
This entry was posted
on Friday, May 19, 2006 at 7:00 AM.
