Tuesday, May 1, 2012

Trading Guideline For Wednesday (NQ)

With a sharp rally in the morning that was followed by a sharp decline in the afternoon, with the close near the open, a Gravestone Doji Candlestick Pattern was formed, potentially bearish for Wednesday unless the doji high is breached.

For Wednesday, Key level is 2730.
  • Below 2730 implies a likely trending down move, targeting 2690 - 2700.
  • Above 2730 implies a re-test of Tuesday's swing high.