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.
  • 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