As we approach the closing hour, no real bounce at NQ gap close, which might set up more selling. It is entirely possible now that the ES gap close at 1241/1242 is being targeted. My guess would be a little higher at 61.8% and 1244/1245. In any case, should NQ drop 1545.50, look for ES to hit 1245. The SOX has made a new low for the year, albeit with a bullish divergence.
This entry was posted
on Tuesday, June 27, 2006 at 11:31 AM.
