Tuesday, May 10, 2011

Trade Guideline For Wednesday (Nasdaq NQ)

2398 is my key support/resistance level for Wednesday.
  • I am looking for the rally to continue to higher-high as long as price can stay above 2398, targeting a break above 2415 swing high, if a break triggers short-covering rally NQ can shoot up to 2425 area.
  • Below 2398 is bearish targeting 2388, then 2374.
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