Tuesday, October 11, 2011

Trade Guideline For Wednesday (Nasdaq NQ)

Another up-trending day again on Tuesday closing right at my key line-in-the-sand 2290.
  • Above 2290 implies it may have to break above prior swing high (2233) before pulling back down. If so next upside target is 2350 area.
  • Below 2290 implies the market is in a pullback mode targeting a decline down to 2265-2270. Below that the next support/target down is 2245-2250