Wednesday, July 25, 2007

Technicals


The crunch areas for the SP500 and NQ100 futures are 1532.5 and 2035 respectively. The bulls have always been able the wait for the next train coming through and looking at the data there are few difference between the last seven days of action and other market setbacks. However, the models keep on leaning south and have yet to return to their 'that's enough break' config. The bear needs to see the DJA take out the lows of the plus 285 rip day (13600) and slide through the July lows before raising the fork.