Thursday, July 14, 2011

Trade Guideline for Friday (NQ)

Google earning report at the end of the day help pushed price up into the close. The closing price was at key breakdown level 2340 area.
  • For Friday price action below 2340 area implies bearish day, targeting 2300.
  • A break-back above 2340 implies an up-trending day or a choppy consolidation day targeting 2370 - 2375 area.