Thursday, March 1, 2012

Trade Guideline for Friday (NQ)

Pullback was completed at the end of the day on Wednesday as NQ opened and stay above key inflection price level on Thursday rallied ever slowly up to 2645 target.

For Friday key inflection price level is 2640.
  • Above 2640 implies the next upleg is in progress targeting 2655 - 2665.
  • Below 2640 implies it is in a pullback mode targeting 2615 - 2625.
Eurozone banks flock to LTRO