Everyone behaved, including Bernanke, and the bulls get the ball back as we cruise above 10 day ema on all major equity indices. Resistance is pretty obvious at 20 day moving average for QQQQ. SPX has confluence 20 dma and 200 dma right at 1260/1261 and that is going to be the big test going forward. Add March 2003 ex-trendline support now at 1265, and you can see where the bears will mount an attack.
This entry was posted
on Thursday, June 15, 2006 at 5:32 PM.
