QQQQ threads the needle and manages a close at exact May lows. There really is nothing going on other than chop. Buy support, sell resistance with a slight bullish bias. The one piece of relevant news is oil closing strongly above the 20 day moving average after an early dip. Look for that support going forward (71.15). The bear flag is negated and it is now buy the dips for QM/CL above 20 dma.
This entry was posted
on Monday, June 26, 2006 at 3:42 PM.
