Trade Guideline for Thursday (NQ)

Market tank hard soon after the open ahead of European decision on what to do with bondholders of Greek debt. It looks like it spooked the Central banks so much that they engineered a massive buy programs to push the market up into the close in order to paint a rosy picture ahead European decision.

The buying binge by some Central Banks should continue for a while in order to paint a rosy picture of the the very messy financial system nearing collapse. Will they be successful in delaying the inevitable total collapse? only time will tell.

For Thursday I will use 2345 as key line-in-the-Sand.

• Bullish above, targeting a rally up to 2380 then 2400.
• Bearish below 2345, targeting a decline down to 2380.