NQ went down to test the trendline off June lows (see chart) and we bounced from there in the closing minutes. ES/SPX found clear support at 10 day ema. This whole exercize of so-called fear (who seriously believes the Koreans are a threat) was meant to pick up stocks at cheaper prices. Yields have dropped and so has oil. There should be rally on Monday or Tuesday out of this mess.
This entry was posted
on Friday, July 07, 2006 at 1:22 PM.
