Tuesday, January 10, 2012

Trade Guideline For Wednesday (Nasdaq NQ)

Another bullish day, and another leg up on Tuesday with a close at support 2355-2360. Resistance for tomorrow is 2370.
  • Above 2370 implies the next leg up is in progress, targeting 2400.
  • Below 2355 implies a larger correction is in progress, targeting a decline down to 2340 to re-test the breakout level. If that does not hold the enxt support below is 2325.