Friday, April 13, 2007
S&P's, Spiders, and QQQQ's
Here are hourly charts of the June S&P futures, the Spiders, and the QQQQ's. I last commented on these markets here.
Yesterday's low point occurred a bit above the levels I was anticipating in that morning's guesstimate. In any case the rally to 1475 in the S&P's, t0 146.50 in the Spiders, and to 45.70 in the Q's is underway.
I think we shall see the S&P's and Spiders trade up to 1520 or so during the next couple of months. I am looking for the Q's to make it to the 50 level during the same time.