27 May
Watching Nasdaq for clues on the eMini S&P 500
Posted in Intraday Analysis by Bob English at 11:39:17 Comments are offThe NQ is testing May 7 1437.75 high (now at 1427.00). If it can break, we expect the ES will follow. Nasdaq Bank index and Russell 2000 have broken up through their consolidation areas, but the Russell has not yet posted a new high. Watching those three should give a good idea of whether the ES will break up. If they start to roll over, we don’t think the ES will break.
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