Tuesday, October 25, 2011

Trade Guideline For Wednesday (Nasdaq NQ)

A down-day on Tuesday, dropping down to just above 2310 support. For Wednesday I will use 2320 as key Line-in-the-Sand.
  • Below 2320 the downtrend should continue down targeting a move down to 2300 then 2280
  • Above 2320 implies NQ is is going up to 2355. A sustained break above 2355 implies a rre-test of Monday swing high.