Monday, November 21, 2011

Trade Guideline for Tuesday (NQ)

With key resistance now at 2250, failure to clearly break and stay above that level would imply more selling, down to the next support level of 2270-2275.

European debt crisis is now causing an acceleration of credit crunch, if it does not receive a temporary stimulus via quantitative easing, could easy trigger an intense cascade sell-off, aka a crash.