Thursday, June 14, 2012

Trade Guideline For Friday (NQ)

Another consolidation day on Thursday. NQ has been inside the same trading range for six consecutive day, albeit contracting range, a setup for explosive trending move.

Key Resistance is 2555, Key Support is 2505. Trading range = 2505-2555
  • More choppy consolidation inside the range 2505-2555
  • A sustained break out of the range could trigger a trending move in the direction of the break.
  • A falsebreak would imply a reversal to test the opposite range.
Europe braces for Greek Vote.