Thursday, September 8, 2011

Trade Guideline for Friday (NQ)

A consolidation "doji" day Thursday with the close near the opening price. Key Line-in-the-Sand for Friday is 2220 with 2240 resistance and 2200 support.


If price stays inside the 2200-2240 range I will be looking for another choppy consolidation day. Breaking out of the range and then staying outside the range should ignite a trending move in the direction of the break.