Bulls hold NQ s1 at 1716/1717 and we get the ususal short covering bounce, but unless they get it above 10 dma (NQ and COMP), they will be met with sellers. Currently NQ 10 dma is at 1725.75. QM ticks have been playing a part, but note that the ADDEC line has not really improved on the bounce. It could all change of course (what else is new), but that is the current read.
This entry was posted
on Tuesday, October 24, 2006 at 11:16 AM.
