Thursday, March 31, 2011

Trade Guideline for Friday

NQ has been staying inside a narrow trading range 2325-2340 for the last 2 trading days. A successful break above the range high in the morning implies the morning trend is likely Up.
Likewise, a successful break below lower trading range 2325 implies the trend is likely down on Friday morning.

Staying inside the range implies more choppy ranging market condition.