The Nasdaq has now been offline for over two hours, and the tech-maniacs are battling to re-open before the official 4pm close. For those day-traders out there, who want..or need to close out positions each day..this is going to be one hell of a closing hour.
Nasdaq 1min - the dead index-patient.
sp'60min
Summary
Everyone loves a bit of drama, yes? ;)
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So..lets see if they can get it running.
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The main indexes still look somewhat biased to the upside. Bulls should consider any close >1656 - as a 'miracle'.
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3.11pm..amusing to see the cheer leaders rattled on clown finance TV. Not that they'll remember tomorrow..and nothing will change.
Could it all be just a test? ;)
3.27pm..and we're back up !
Market wants to break the sp'1656 high...a close in the 1660s would really smite the bears.
..and there goes 1656..and the bulls will be laughing into the close.
3.40pm..well, a close in the 1660s looking very likely, and that opens the door to 1680s within a day or two. Certainly by next Tue/Wed.
back at the close.