Sunday, April 10, 2011

Trade Guideline For Monday (Nasdaq NQ)

2320 = Balance Point, Bullish above, Bearish below
2330 = First resistance, 2340 = 2nd resistance
2310 = 1st Support, 2300 = 2nd Support

On Friday, NQ close right at the balance point. Where it opens in the morning on Monday will determine whether it will be a bullish or bearish day, trending (breakout) day or ranging/trading range (staying inside the range) day.
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