ES and NQ should close their Monday gaps overnight (1282.25 and 1593.25). Targets are still weekly R1's and maybe R2, although we could swing down to the 1580 area at some point for NQ, which is confluence 10 day ema and weekly pivot.
Market moving news will be starting pre-open with ICSC-UBS Store Sales, important now for bulls after the Wallmart disappointment. Factory orders come in at 10:00ET. Oil inventories (EIA) has been pushed back to Thursday.
Market moving news will be starting pre-open with ICSC-UBS Store Sales, important now for bulls after the Wallmart disappointment. Factory orders come in at 10:00ET. Oil inventories (EIA) has been pushed back to Thursday.
This entry was posted
on Tuesday, July 04, 2006 at 5:01 PM.
