Sunday, March 27, 2011

Trade Guideline For Monday (Nasdaq NQ)

2320 = Key Line-in-the-Sand. 
  • Above 2320 I will be looking for NQ to trend up in the morning targeting next resistance level at 2345. It is also a  potential reversal zone
  • Below 2320 I will be looking for NQ to trend down in the morning targeting next support level at 22955. It is also a  potential reversal zone
***Note: Not expecting reversal at the above support and resistance zone if market internals are extreme bearish/bullish.
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