There is a pretty good chance QQQQ will get into this morning's gap before the Feds announcement. 37.79/37.96. For NQ, that would be 1558/1560.25. Note that NQ 1558 is not only gap close but also 23.6% I mentioned earlier. Not a bad spot to enter a long if you are not in, but be very conservative with your stops and take no risks. Resistance is firming at 50% current June bounce (1571).
This entry was posted
on Thursday, June 29, 2006 at 8:35 AM.
