Thursday, April 14, 2011

Trade Guideline for Friday (NQ)

Key Level for bull-bear bias for Friday is 2300.
  • Bullish above, targeting  2320, 2330 then 2340
  • Bearish below, targeting 2285, then 2270
NQ traded in a sideway trading range between 2288 and 2312 on Thursday with a close near key level for Friday.

Thursday's sideway pattern makes it more likely for Friday to be a wide range breakout/breakdown day, the bias will depends on where it opens in relation to the above key level at 2300 .