- Upside breakout target = 2660 - 2680
- Downside breakout target = 2570 - 2580
Thursday, May 10, 2012
Trade Guideline For Friday (NQ)
A very narrow-range trading day on Thursday, the third consecutive consolidation day. It is a set-up for a wide-range trending day, up or down depending on the breakout direction.
Key Resistance = 2635
Key Support: = 2605
A sustained break out of the range is likely to trigger a fast trending move in the direction of the break.