Volume was pretty light today and I'm not sure we can attribute too much significance to today's move. The missile launch was already known weeks ahead of time and it is very easy to move markets when everyone is still on vacation. That said, it will be important for NQ/QQQQ/NDX to regain their respective 20 dma's soon. Weekly pivot for NQ sits at 1579.75 and could be resistance going forward. ES has not given up its weekly pivot yet (1270).
This entry was posted
on Wednesday, July 05, 2006 at 7:13 PM.
