Sunday, October 9, 2011

Trade Guideline For Monday (Nasdaq NQ)

After making a higher high in the afternoon on Friday, NQ pullback down and close right at key Line-in-the-Sand 2200. Whether it will continue to pullback down to lower level or rally back up on Monday, will depend on where the market be in relation to the LIS after the open.

European Sovereign debt Crisis will continue to dominate the financial news.
  • For Monday, above 2200 implies nasdaq is going higher targeting 2260.
  • Below 2200 implies Nasdaq is in a pullabck mode down to 2150-2160.
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