Still flat line so no advances as of yet.
Could take till the 258 bar cycle @ 1pm
Or just the last 30 minutes from 30bars @ 3:30
The calls prices on qqqhr are really hanging tough @ $1.25 area ,but did hit a low of $1.15
Ndx did NOT quite challenge 1800 as yet but did hit 1805
Looks like Today will require an all day vigil
so what else is new? (G)
Jay
2 comments:
No need for intraday CIT's here. just follow your indicators. Positive dvergences forming now indicating a turn. Midway through 21 hour cycle. trend is still down however. Key resistence at 1265 and 1285.
Bulls in big trouble now. the fact that we have turned down before July 23 highs coulfd get taken out is a really bad sign for the bulls.
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