Intraday update:
Against all odds, except those who follow charts, NQ lifts itself up right where I mentioned it needed to. Low today is 1483, we are now at 1502, well above the daily pivot. SOX is green and the target is now moved up to 20 dma at 1524 for the week. Of course it could all fall apart, but SPX is now back above the 200 dma and could close there a second day in a row. That would be bullish. Also note the ES bounce today at 50 dma.
Against all odds, except those who follow charts, NQ lifts itself up right where I mentioned it needed to. Low today is 1483, we are now at 1502, well above the daily pivot. SOX is green and the target is now moved up to 20 dma at 1524 for the week. Of course it could all fall apart, but SPX is now back above the 200 dma and could close there a second day in a row. That would be bullish. Also note the ES bounce today at 50 dma.
This entry was posted
on Wednesday, July 26, 2006 at 11:02 AM.
