NQ futures getting close enough to 50% June retrace as did QQQQ. It should hold up, as we have a pc ratio of 5 for the QQQQ 36 strike. I showed you yesterday the QQQQ chart with fib projections from June, here is the NQ chart. 1465.75 was front-run for now at 1468.25, but watch that zone and QQQQ 35.74. One can get ahead of it. If you want to play the long side and hold over, I suggest you use options only and September strikes. This is a good spot to pick up some QQQQ 35 or 36 September calls (QQQQ 35.80) Futures should not be held over the weekend if long, unless you are holding gold or oil.
This entry was posted
on Friday, July 14, 2006 at 8:51 AM.
