The ISM economic data released at 10:00 pulled prices back in and we had another snooze fest of a trading day. So we have two inside days following last Thursday's bounce off of the 50% Fibonacci retracement level of the recovery from the mid March low. The lack of economic data tomorrow might have a positive impact.
Tuesday, April 03, 2007
NASDAQ Technical Picture - Another Inside Day
The ISM economic data released at 10:00 pulled prices back in and we had another snooze fest of a trading day. So we have two inside days following last Thursday's bounce off of the 50% Fibonacci retracement level of the recovery from the mid March low. The lack of economic data tomorrow might have a positive impact.
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