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.
  • 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.
Click image for larger version

Name: motivator290af8152c8b04f141b1a158ae3d407237a52454.jpg
Views: 37
Size: 74.8 KB
ID: 370495