Tuesday, June 12, 2012

Trade Guideline For Wedensday (NQ)

Tuesday was basically a retracement of Monday's decline. Whether or not it is going to continue to go up or drops back down depends on where it trades in relation to key S/R level, which us 2530 for Tuesday.
  • Above 2530 implies it is going to continue up, targeting a re-test of Monday's high.
  • Below 2530 implies it is going back down, supports are Monday's swing low, then 2485.
Spanish bond yield hit record on Tuesday