- If the trend is still up any pullback should not clearly break below 2210. If so, rally target is 2250-2255.
- Below 2210 implies the market is bearish, with decline target down to 2170-2175. On a very bearish downtrend, it may want to test the current swing low at 2145
Monday, September 26, 2011
Trade Guideline for Tuesday (NQ)
NQ closed at the day high on Monday. For Tuesday I will use 2210 as my Line-in-the-Sand.