After four days of intense volatility, today the equity markets have a case of the blahs, which from my perspective is a big negative given the oversold condition that supposedly was generated Monday through Thursday. In any case, let's see what the hourly chart looks like in the Q's after a couple of hours of trading.
MJP 10/07/05

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.