Morning update:
Bears could not push us down below those weekly pivots for long, and we get a pretty strong reversal. There were just too many shorts on board. Watch NQ 1985, 10 dma. Let's see if they give us daily R1 at 1993, which is also the 20 dma. Oil at 138 also looked like resistance and that got some shorts to cover.
Bears could not push us down below those weekly pivots for long, and we get a pretty strong reversal. There were just too many shorts on board. Watch NQ 1985, 10 dma. Let's see if they give us daily R1 at 1993, which is also the 20 dma. Oil at 138 also looked like resistance and that got some shorts to cover.
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on Monday, June 16, 2008 at 6/16/2008 10:56:00 AM.
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