Sunday, May 8, 2011

Trade Guideline For Monday (Nasdaq NQ)

NQ seems to be oscillating wildly between 2360 and 2410 trading range. The wild swing non-trending price should continue to persist inside the range. It needs to clearly break out of that range to trigger a trending one directional trend type of day.

For Monday I will use 2385 as the mid-range.
  • Bullish above targeting 2410
  • Bearish below targeting 2360