Sunday, June 26, 2011

Trade Guideline For Monday (Nasdaq NQ)

2215 is key Line-in-the-Sand for NQ on Monday, with 2200 as key support and 2225 as key resistance.
  • Above 2225 is bullish, with  an upside target of 2250 (resistance).
  • Below 2215 is bearish, targeting a move down to 2200 (support).
*** Market internals would need to be extreme (bullish/bearish) for NQ to break out of its 2200 - 2250 trading range.