Sunday, April 1, 2012

Trade Guideline For Monday (Nasdaq NQ)

NQ consolidated all day on Friday closing in the middle of the range 2755, with 2770 as the upper range (resistance) and 2740 as the lower range (support).
  • A clear and sustained break out of the range implies a trending move in the direction of the break.
  • A break that fail to stay out of the range implies a falsebreak, reversal targeting a test of the opposite range limit.