- Inside key support and resistance, it is likely going to be a narrow-range consolidation day.
- If price can get a sustained break above key resistance level, the likely possibility will be a profit-taking / short-covering rally, targeting 2240 - 2245 zone, then 2250
- A sustained break below key support level (2215) will result in another bearish liquidation day, targeting a decline down to 2185 area..
Monday, June 13, 2011
Trade Guideline for Tuesday (NQ)
Key inflection point is 2222. Key resistance is 2230, and key support is 2215 (September Contract)