Mid-Day Minute with Mike Paulenoff

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By Mike Paulenoff | Published 08/8/2005 | Futures , Stocks | Unrated

Mid-Day Minute with Mike Paulenoff

The Q's continue to act poorly as they stair-step to the downside towards a confrontation with key near-term support at 39.20. At this juncture, only a rally that hurdles 39.80 will neutralize my bearish micro and near-term outlook.

MJP 8/8/05

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Mike Paulenoff is a 25-year veteran of the financial markets and author of MPTrader.com, a real-time diary of his E-mini S&P and QQQQ technical analysis and trading alerts. 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.

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