Wednesday, August 17, 2011

Trade Guideline for Thursday (NQ)

A down-day on Wednesday with the day low near support and the close at key inflection point. 
  • For Thursday a sustained break below the close implies a likely decline down to 2140 - 2150 support zone. If that support zone does not hold, the next support is 2100.
  • Above the close implies it is going higher to the next resistance zone 2150, 2160 then 2300.
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