Wednesday, February 8, 2012

Trade Guideline for Thursday (NQ)

Another up-day with morning pullback down to higher low than the last swing low, implies uptrend is still intact.

Key inflection level for Thursday is 2535.
  • Above 2535 implies the next leg up is under way, targeting 2550-2555.
  • Below 2535 implies it is in a pullback mode targeting a drop down to 2525.
Greek debt crisis continues to dominate the financial news.