Tuesday, June 28, 2011

Trade Guideline For Wednesday (Nasdaq NQ)

Tuesday was another trending-up day, with the open near the day low and the close near the day high. Following two trending-up days in a row, we may get a consolidation day on Wednesday or another trending-up day.

Key support-resistance level for Wednesday is 2275.
  • Bullish above 2275, targeting 2300, then 2320
  • Bearish below, targeting 2260, then 2250