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Thursday, November 17, 2011
Trade Guideline for Friday (NQ)
Markets continue to sell-off on Thursday morning breaking down below several support levels down to 2260. It consolidated the whole afternoon setting up a trending move for Friday.
Key level for Friday is 2270.
Below 2270 implies another trending down move down to the next support level of 2200.
Above 2270 implies NQ is in a pullback move targeting 2280, then 2300. If it can break 2300 then the next upside target is 2330