Following techs as usual these days as they are the Achilles heel, NQ (NDX e-mini futures) 5 mn chart shows the lower low with bullish divergence near the close and sets up a likely bounce to 50% at 1596.50. NQ also has confluence weekly pivot at 1605.50 and daily R1 for Tuesday at 1604.50. That could be a magnet if we get a real rally. The downside would be ugly with a retest of 1575 and must hold at 1570.
This entry was posted
on Monday, June 05, 2006 at 8:30 PM.
