Tuesday, June 7, 2011

Trade Guideline For Wednesday (Nasdaq NQ)

Key resistance for Wednesday is 2290
  • A sustained break above 2290 can trigger a short-covering rally targeting 2300 then 2315.
  • Below 2290 NQ may trade in a trading range if price does not clearly break below Tuesday's low.
  • A sustained break below Tuesday low can trigger a liquidation decline targeting 2260, then 2250. Below 2250 the next support is 2190