Trade Guideline for Friday (NQ)

Sovereign debt crisis currently occurring in the Euro Zone and the resultant unwinding of the dollar carry trade is intensifying global credit contraction, causing global sell-off in equity market. If the problem continues to intensify the sell-off may also intensify. Plunge Protection will continue to be active in the market, most likely more active during overnight trading as we have recently seen the market tends to open with a large gap-up that get sold right from the open.

For Friday I will use 2185 as key Line-in-the-sand

• Bullish above targeting a move up to 2200 then 2220-2230.
• Bearish below, with a potential decline down to 2100. Support levels are 2175, 2155