Intraday update: possible reversal shaping up. TRINNQ has moved down to .75, QQV is at low end of range. The SOX has been green most of the day, giving credence to that bullish divergence on new low for QQQQ/NDX/NQ. Watch NQ (NDX e-mini futures) to hold above weekly s1 at 1527.25 now. All stops on longs should be moved up to there. ES support is 1267.25. QQQQ at October lows again (37.33) and that is a must hold for any bounce to hold into the close.
This entry was posted
on Tuesday, July 11, 2006 at 11:11 AM.
