Tuesday, March 22, 2011

Trade Guideline for Wednesday (NQ)

On Wednesday I am looking for the market (NQ) to either rally above Monday's high or decline below Monday's low.

  • I will use 2266.25 as key resistance, bullish above targeting a move up to 2280, then if that break, a further rally up to 2295-2300, 
  • 2245-2250 as key support, with a break below targeting a decline down to 2235, then if that breaks a further decline down to 2220.