Market Analysis for Oct 3rd, 2005

Well, the Qs have managed to spend the last five hours between 39.68 and 39.52, which has the look of a bull flag continuation pattern ahead of another pop to the upside -- with a next target zone of 39.90-40. Only a break below 39.52 will argue that the current upleg is over and that a correction is in progress.

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
  • 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!