Market Analysis for Jun 17th, 2005

Today's failure of the Qs to hurdle and sustain above 38.10, followed by a reversal back below 38 leaves a pattern off of Wed.'s low at 37.25 that has the look of a completed recovery phase ahead of another downleg -- that should retest Wed.'s low on the way to the 36.60 area.

For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary. Or try his QQQ Trading Diary.


  Matched
x
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!