Monday, May 9, 2011

Trade Guideline for Tuesday (NQ)

Monday was another non-trending day. Without any significant event to knock the market off-balance the non-trending pattern should continue.

For Tuesday I will use 2386 as key Line-in-the-Sand.
  • Above 2386 target a move up to 2400, if that breaks then next upside target is 2410
  • Below 2386 target a move down to 2375, if that breaks then next downside target is 2365