Updating the QQQ hourly chart from earlier, the afternoon bounce saw a check-back to the busted head and shoulders top neckline. Whether bulls can recapture the neckline or instead get rejected away from it will likely spill over into tomorrow’s session.
Also keep an eye on corn, second daily chart below, to see if it gets going again to the upside. The basing action is impressive today, and along with coffee it is outperforming other soft commodities.
See you after the bell for my video market recap.
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busted head and shoulders..yeow!
that kinda hurts, Chess.
Mixed martial arts.
I do hold position CORN posting entry in late Jan. over on the fan~tabulous Sir Raul’s blog. Fields of Dreams won’t be growing around here for many months. Jeez, they haven’t even tilled the land around this joint as the ground is still frozen solid and ‘More’ snow in forecast tomorrow.(shaking my head here)
added to a few of my specs as well..
ARO Filled at $5.45
I still have 2ft of snow in parts of my back and side yard..this is no joke!