Trade Guideline For Monday (Nasdaq NQ)

Equity markets closed on a positive momentum on Friday, right at key inflection level (2350) for Monday. Resistance is 2400, and support is 2300.

• For Monday, above 2350 NQ is going to rally up to 2400 resistance.
• Below 2350 NQ is going to drop down to 2300.

Only a major economic event, such as major unexpected news from the European debt crisis that can knock off prices beyond the 2300 support and 2400 resistance for NQ.