Tuesday, March 29, 2011

Trade Guideline For Wednesday (Nasdaq NQ)

Daily and 60-minute trend are UP. 
  • Staying above 2312, the trend would likely continue to go up on Wednesday to the following resistances levels. Resistances are 2330, then if that breaks, the next one above is 2345. 
  • If the opening price action is below 2312, then the above analysis is invalidated. If so, I will be looking for the morning trend to be down