- Bullish bias above 2330 with 2350 as target and potential reversal level. A clear break above could cause a short-covering rally, and could easily push price up to 2360-2365 area.
- Below 2330 will attack more selling targeting 2320 or 2310 before reversing back up. A clear break below 2320 can cause long-covering that could tank NQ down to 2310 support.
Wednesday, April 6, 2011
Trading Guideline For Thursday (NQ)
I will use 2330 as key price level for determining the bull-bear bias for the morning trend.