FF - August Lows Test is Still ON

1370 SPX 2386 Nasdaq. We will probably have just one more intraday bounce ahead of this.

2475 Nasdaq and 48.15 QQQQ test per hourly resistance. Resistance in smaller timeframes already tested and in Bearish Upthrust mode.

Edited by SemiBizz, 10 January 2008 - 10:08 AM.

And so as not to be confused... the underlying index always gives the strongest signal. The signal here is that yesterday's candle is dominant. Today's volume is lower and lighter at present projecting 2.2B. So we're looking at a bearish upthrust reversal possibility over the yesterday's high and a rebound/spring possibility under yesterday's lows. Now volume can come crashing in like it did yesterday too... so there's the long and short of it...



http://bigcharts.mar...&mocktick=1.gif