Monday, April 9, 2012

Trade Guideline for Tuesday (NQ)

Attempted breakdown at the open on Monday failed. NQ quickly reversed course and rally back up towards resistance zone. 

It may try to breakout above resistance on Tuesday. If so, it should break and stay above key level. Failure to breakout above resistance implies it will go back down again.

Key level for Tuesday is 2745.
  • Above 2745 implies it is in a breakout mode, targeting a re-test of last Thursday swing high, lower high or higher high.
  • Below 2745 implies it is going back down to re-test Monday's swing low.
Total Public Debt in the US
government debt

Total Global Debt $190 Trillion