Radio Commentary
After having bounced off daily
extremes overnight, the Qs are hovering
just south of key hourly resistance in an extremely light pre-Holiday trade. As
my chart connection is down this morning, I’ll try a bit of radio commentary, so
picture a bright red 60-minute 15-MA resistance line moving from Alaska to North
Dakota with interim 13-minute support around Kansas.* A break of support may
provide an hourly trend continuation trigger, yet recognize that today’s pace,
or lack thereof, presents added risk, and I’ll frankly be watching much of the
next few days from the sidelines.
A reminder that I’ll be busy shopping on Monday for that “perfect”
gift and the column will be back in force on Wednesday. In the meantime, may
this Season bring you peace and prosperity in the coming weeks and year.
Good Trading and Happy
Holidays!
* Admittedly a
feeble attempt at some Holiday Humor