Wednesday, April 4, 2012

Trade Guideline for Thursday (NQ)

NQ opened gap-down, broke below key support zone on Wednesday and then tank down breaking through the next support zone before reversing back up closing inside previous trading range.

Unless it can breakout and stay out of the range, 2730 support and 2760 resistance, I would be looking for it to consolidate between the range.

Range Breakout