Another good day on the street. The QQQQ’s took out my resistance at 43.45. It did mill around at 43.40 for a while. After running up, it ran into more pressure. And ont the way down again started to run into conjestion at 43.45. Once you go past a resistance level, it becomes a support level.

Wednesday QQQQ : Support 43.3 & 43.0 | Resistance 43.75 to 44.0

The resistance is a range today. I see strong resistance in that range, not just one number. I am moving support to where yesterday’s congestion cleared.

~squid

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This entry was posted on Wednesday, March 21st, 2007 at 12:51 pm and is filed under NASDAQ 100, Option Trading, QQQQ.