The Q's have violated prior important micro support at 38.97, which should trigger additional weakness into the 38.60/50 support area. I will look to cover half of my position at 38.68.
MJP 8/16/05
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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.