Note: The above scenario is NOT valid if the open is outside Friday's range, and then stay outside Friday's range.
- Above 2295, resistances are 2310, 2320 and then 2330.
- Below 2295, Supports are 2285, then 2275.
Sunday, March 13, 2011
Trade Guideline For Monday (Nasdaq NQ)
For Monday I will be looking for the market to first retrace Friday's afternoon wave 1 or A rally (W2 / B), then once that is completed, looking for the market to commence wave 3 or C rally.
Note: The above scenario is NOT valid if the open is outside Friday's range, and then stay outside Friday's range.
I will use 2295 as inflection point.
Note: The above scenario is NOT valid if the open is outside Friday's range, and then stay outside Friday's range.