High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
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.