Trading Guideline for Monday (NQ)

Another sideways consolidation day on Friday, the third day in a row. For Monday. we either get another consolidation/pullback day or a breakout short-covering rally, depending how where NQ trades in relation to its key inflection level.

Key inflection S/R level for Monday is 2710.

• Above 2710 implies another potential trending up short-covering rally.
• Below 2710 implies continual consolidation/pullback day.

Here is a more realistic chart (compared to the Fed's currency supply chart) of true US currency money supply growth matrix..

Link to the full article: http://blogs-images.forbes.com/michaelpollaro/files/2012/03/Slide15-e1332006394686.gif