Friday, June 22, 2007

S&P's, Spiders, and QQQQ's

Here are hourly charts of the September S&P E-mini futures, the Spiders, and the QQQQ's. I last commented on these markets here.
The S&P's and Spiders broke the support levels from which they bounced yesterday. I am still betting that these two markets will make higher lows above the levels of the March 7 lows. My best guess now is that the futures will hold support near 1510 and the Spiders will hold support near 149.50.
The Q's are still holding above the lows made early yesterday and I interpret this as a bullish sign.


Anonymous said...

Will you change your mind that top is in when 1490 falls today or on the open Monday?

Anonymous said...

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