Tuesday, April 03, 2007
S&P's, Spiders, and QQQQ's
Here are hourly charts of the June S&P futures, the Spiders, and the QQQQ's. I last commented on this market here.
You can see that today's first hour was a wide range up bar and a breakout from the recent 4 day trading range. I think that the futures are now headed for 1465, the Spiders for 145.20 and the Q's to 45.00. This in turn is only part of a more extensive rally which I think will carry the futures up above 1500 and the Spiders above 150. The Q's should reach 50 or higher.