NQ update
NQ (NDX futures, continuous contract) 50% projection off August is 1714, current support. As you can see (and noted last night) 61.8% was 1693.50 and pretty much today's low. Resistance is 1734.50, 38.2%, these fibs are in play. The July low is still the demarcation line (1765.25). But the Q's managed a close above the March gap open (42.24), hopefully for bulls sealing that trap door for a few days. A tall order, but that's what bulls need to defend.
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on Tuesday, September 16, 2008 at 9/16/2008 05:05:00 PM.
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