Monday, June 18, 2012

Trade Guideline For Tuesday in NQ

A trending-up day on Nasdaq on Monday with a close near the day high, right between 2585 support and 2600 resistance. The 60-minute trend is up, with ab = cd upside target at 2640.

Key Level For Tuesday is 2585, with resistance at 2600.
  • Bullish above 2585, with the next upside target ar 2600, then 2620, 2640.
  • Below 2585 implies it is going into a pullback mode, target down is 2555 - 2560
European debt crisis continues, next domino to fall is Spain.