Thursday, September 1, 2011

Trade Guideline for Friday (NQ)

With most traders out of the office for the long weekend the most likely probability is for the market to stay sideways with most of the activities happening during the morning session. There is always a small chance the market is going to make a big move up or down.

Key level I will be watching for on Friday is 2220.
  • Bullish above, targeting a move up to 2260-2280
  • Bearish below, targeting a move down to 2180-2200