Thursday, September 22, 2011

Trade Guideline for Friday (NQ)

As anticipated, market opened with a large gap-down on Thursday with NQ closing in the middle range 2179, and also the level I will use for my Line-in-the-Sand for Friday.


  • Above 2179 the shorts may cover. If so, NQ may rally up to 2220, On a sustained break above 2220, the next upside target is 2260.
  • Below 2190 the sell-off should resume, targeting 2150, then 2100