- Below 2450 implies a potential follow-through down day, targeting a break below Thursday swing low, with first support zone at 2435-2437 area.
- Above 2450 implies a rally to first resistance at 2460. A clear break above 2460 implies a potential re-test of Thursday's swing high.
Thursday, January 26, 2012
Trade Guideline for Friday (NQ)
Thursday was a reversal day with the open near the day high and close near the day low. Key inflection point for Friday is 2450.
The Fed confirmed that they will keep shortterm interest rate near zero percent until mid 2014 via more currency creation.