INDU is stablizing above the support area, a good sign to the bulls.
Tag Archives: Bulls
QQQ
QQQ bounced back from the support at 34. The big intraday swing probably caused a lot of pains among many. It needs to take out 35.5 to show the strength of the bulls.
QQQ
QQQ bounced back from the support at 34. The big intraday swing probably caused a lot of pains among many. It needs to take out 35.5 to show the strength of the bulls.
ES
It turned out that last night’s low 1057.75 was the bottom. S&P 500 rallied back to the resistence level 1070, a few points away from the high 1075. INDU is fewer than 50 points away from 10K. Barring from any surprises, we shall see 10K pretty soon since everyone is talking about it.
Covered the short, reversed, and rode through half way, but missed the last leg from 1064 to 1070. Went short again at 1068 and 1069. We shall see some pullback tomorrow morning after this big run up, but so far hours into the new session, the market stays right at 1069.75×1070. The bears and bulls won’t blink. The stalemate should resolve in the morning.