- Above 2525 has the potential to trigger a short-covering rally.
- Below 2525 may trigger a sharp sell-off to re-test last week Monday's swing low.
Monday, May 28, 2012
Trade Guideline For Tuesday
Market traded sideways last Friday ahead of the long weekend as most traders were gone from their office, setting up a potential trending move, up or down on Tuesday, depending on where it trades in relation to key support-resistance level.
For Tuesday, key support-resistance level is 2525.