Europe has taken it down another notch up to this point in trading day. If we are off another 1.5% in nas today then I will feel very comfortable that this rally is over. futes are slightly red but that doesnt mean chit.
The shape of today may look like soft in the first hour, then a rise consolidation which probably takes nas green in late morning early afternoon. if the consolidation doesnt pick up steam, we then selloff late in the day. If we get a rally going(after the am drop) we could close up arond 1125-1130 today.
i dont think we rally right out of the shoot so not listed here, but if we did then a 1130-1135 close could be in the works.
steve
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