Saturday, December 22, 2007

Market Outlook RUT for Dec 24th '07

Similar situation as for SPY.
Short term recovery pattern may be close to completed.

Market Outlook SPY for Dec 24th '07

May retrace up to PR2, maybe crawl to 150.
Daily time frame scenario: same trading range.
If recovery is stopped around 149.50 to 150, we will watch for an interesting pattern with higher lows and lower highs.

Market Outlook NDX for Dec 24th '07

Interesting witching day, interesting friday...

Short term target 2125, but will probably not go much higher.
Trading range scenario is still there for daily time frame.