Tuesday, January 24, 2012

Trade Guideline For Wednesday (Nasdaq NQ)

Tuesday's earning reports after close rocketed the market up in after hours trading. 

For Wednesday if price can stay above 2450 area the uptrend should continue up, and we can likely see a strong one-direction up-trending market. Next target up is 2265, then 2475.

Breaking back below 2450 implies NQ is in a pullback mode with the first target down to 2435.