WARNING: ES & NQ (or any other futures contract) Key Price Thresholds to Watch NOW! Okay...blah, blah, blah...the FOMC mtg. is over...lets get down to business...this is a new thread highlighting key ES & NQ price thresholds NOW!...PLEASE add your thoughts and insight... We begin on Wed. June 25th 11:04PM NY Time... ES 1300 is the key number to watch...if closes under 1300 will fill a gap started on March 20, 2008...this would signal a HUGE bearish move...1330-1340 is resistance...must bust through that to have serious upside possibilities...also...the ES is so far under the 20-200 day moving averages that everything is looking bearish for the ES... NQ 1900 is the key number to watch...if closes under 1900 wil fill a gap started on April 24, 2008...this would signal a HUGE bearish move...1940-1960 is resistance...must bust through that to have serious upside possibilities...also the NQ is far under the 20-50 day moving averages that everything is looking bearish for the NQ... look forward to the ET's insight and comments...
wow...tomorrow thursday will have huge news...click this... http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html
Add the YM and 11,750 to your list. If we break that level we should fall right to 11,500. After 11,500 is the 10,000s.
you think today was bad...look out for tomorrow...read this...for fridays action: http://www.nasdaq.com/asp/econodayframe.asp?page=http://www.nasdaq.com/econoday/index.html