- Above the close implies a bullish day targeting 2365, then 2375 area.
- Below the close implies bearish day, targeting test of Tuesday's low of 2318, then 2292
Tuesday, May 17, 2011
Trade Guideline For Wednesday (Nasdaq NQ)
NQ found support at Tuesday's 2318 low to close near the high of the day --> a reversal day. I will use the closing price of 2338.50 as Wednesday's Line-in-the-Sand.