High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
Monday, April 4, 2011
Trade Guideline for Tuesday
On a daily chart, Nasdaq NQ is currently in an uptrend but closed as a doji on Monday, implies a balance market. Where it trades soon after the opening bell will decide the market bullish-bearish bias for Tuesday.
Line-in-the-Sand is around 2338-2340 area.
Bullish bias above LIS targeting 2350, then if that breaks, next upside target is 2360-2363 area.
Bearish below LIS targeting 2320 support, then if that break, target next support at 2300