Monday, October 31, 2011

Trade Guideline for Tuesday (NQ)

A gap-down below prior day low triggered Open-Test-Drive down day on Monday with a close near the day low.

If we are going to get a follow-through selling into Tuesday price should stay below 2370.
  • Below 2370 target a decline down to 2320.
  • Above 2370 is bullish targeting a rally up to 2390-2400.