Wednesday, June 22, 2011

Trade Guideline for Thursday (NQ)

A consolidation day Wednesday following a trending-up day on Tuesday. We may see a wide-range day on Thursday, and the direction would depends on where it trades in relation to key Line-in-the-Sand 2230.
  • Above 2230 implies NQ is going tup to 2250 then 2260 if 2250 does not reverse it back down.
  • Below 2232 implies it is going down to 2220 then 2200.