Market Analysis for Jun 16th, 2005

Today's pop to new recovery highs at 1217.75 has not been sustained, but neither have the bears been able to do any meaningful damage either. Bottom line: Unless the bears inflict some micro technical damage by breaking below intraday support at 1212-1210.25, we can't rule out still more uneven, messy, upside grinding to higher highs.

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


  Matched “”
x
Try Us Free For 14 Days!
  • In our live, interactive Trading Room, we identify trading opportunities in ...
  • Equity Index Futures
  • Index & Sector ETFs
  • Individual Stocks
  • Precious Metals
  • Energy
  • Forex
  • Treasuries
  • International Markets
  • And Much More
Join MPTrader Now!
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!