Intraday update: setback for the bulls, just to remind us that bears still rule. Watch QQQQ 38.23, May 24th low and must hold. The 20 dma is at 38.52 and bulls would like it back. It seems all that call resistance at 39 strike hurting momentum, but I do notice a pick up in puts at the 40 strike. Max pain is setting up to be at 39.
This entry was posted
on Thursday, June 22, 2006 at 8:18 AM.
