Supposedly, Intel has the bears scared.
We will have to wait to see where the NYSE Advance - Decline Line will end up today. But it is starting to show a bear divergence with the broad market.
The gap between the first and second day of July will probably be closed today.
We are again above the yearly open of 903. However, the market is testing some resistance levels. July expiration on Friday is usually the start of the bear period in July - the second to last week in July.
Charles
well so far so good long ES from 904.75 against short the july 910C ....
ReplyDeletebought QID @ 31.40 and EEV @20.00
daytraded on both sides so far