Mike's Mid Day Minute is available to members on Monday, Wednesday & Friday evenings, with one article per week available to non-members. Members please login and see "Mike's Mid Day Minute" in the navigation menu towards the top of the page.


Notice on the enclosed hourly chart that although the Qs rallied off of their earlier spike low at 38.01, the rally has not inflicted any meaningful damage on the portion of the downtrend that started after Mon.'s rally peak at 38.87. Inability of the Qs to hurdle important micro resistance between 38.45 and 38.60 will be a very negative sign, indeed. On the otherhand, only a rally that hurdles 38.60, and follows-through to break above 38.87 will trigger meaningful upside reversal signals- that point to considerably more strength prior to the resumption of the dominant down- trend. For the time being, the micro and near term charts are telling us to remain short.

For more of Mike Paulenoff, sign up for a FREE 30-Day Trial to his E-Mini/Index Futures diary at. Or try his QQQ Trading Diary.

  • Action-Oriented Trade Set-Ups in Stocks & ETFs
  • Macro Analysis of the Broader Markets
  • Detailed Technical Guidance for each Trading Idea
  • Live Interaction w/ Mike & Our Member Community
  • And Much, Much More!
Join Now! - Special Offer!
Veteran Wall Street analyst and financial author, Mike provides detailed and timely analysis and trade set-ups on a range of markets. Read more...

Have Mike's “Out Front” morning analysis delivered FREE to your email inbox twice weekly!