March 24th 2011
The market spiked up after hours. There is timing in this zone on multiple indexes for a timing high. We are also at price resistance.
We had 2320-2334 for our NQ upper zone and we hit 2335 after hours and have backed down to the 2316 after that high.
We cannot say for sure this is the top but we do know we are very close to something major happening.
We have IWM puts and NFLX puts going into tonight.
Happy Trading,
www.eMiniSchool.com
PS. Price usually spikes UP into timing resistance...
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