Monday, November 7, 2011

Trade Guideline for Tuesday (NQ)

With a positive momentum into the close on Monday Nasdaq should continue to be bullish as long as pullback down can stay above 2350.  If so, next upside target is a test 2400 level.
  • A sustained break below 2350 implies a bearish mode, a decline targeting the next support level 2340. Next support below 2340 is 2320.