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Mid-Day Minute with Mike Paulenoff
By Mike Paulenoff | Published  10/3/2005 | Stocks | Unrated
Mid-Day Minute with Mike Paulenoff

 

Well, the Qs have managed to spend the last five hours between 39.68 and 39.52, which has the look of a bull flag continuation pattern ahead of another pop to the upside -- with a next target zone of 39.90-40. Only a break below 39.52 will argue that the current upleg is over and that a correction is in progress.

MJP 10/03/05

 

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.