Wednesday, April 20, 2011

Trade Guideline for Thursday (NQ)

Apple's earning report after the close on Wednesday pushed NQ over 20 point above the close. Without a substantial sell-off overnight would imply that NQ would have another large up-gap in the morning.


2360 is a key level to watch for on Thursday morning.
  • On Thursday, price staying above 2360 can cause a massive short squeeze that can propel price up to 2380, then 2400.
  • Below 2360 could result in a pullback down to 2350, then 2340, then 2330.