Wednesday, July 27, 2011

Trade Guideline For Wednesday (Nasdaq NQ)

Wednesday was a strong selling day. Thursday's key level to use is Wednesday's closing price 2360. 
  • Below 2360 the sell-off is likely to continue to next support 2325, then 2300.
  • Above 2360 implies consolidation targeting 2380, or an up-day targeting 2400.