Trade Guideline for Thursday (NQ)

With European banking system on the verge of collapse the Fed is getting ready for QE3), and probably part of the reason why the market has been rocketing over the last two days. 

For Thursday I will use 2160 as key line-in-the-Sand.

• Above 2160 I will look for NQ to continue to rally, targeting 2200.
• Below 2160 implies NQ is in a pullback-down mode targeting a decline down to 2120. On a hard downtrend, the next downside target is 2100-2110.