Wednesday, March 7, 2012

Trade Guideline for Thursday (NQ)

NQ opened with a gap-up on Wednesday and then rallied as expected up to resistance 2615 before pulling back down. It closed just below key resistance 2615.
  • For Thursday, a sustained break above 2615 implies a potential fast move up to the next resistance zone 2635-2640.
  • Below 2615 implies sideways consolidation with support at 2585-2595. 
Greek debt SWAP issue continues to be played out by the European politicians.