Sunday, July 15, 2012

Trade Guideline For Monday

Nasdaq gap-up and trend up all day on Friday, fueled by short-covering, was able to break through through 2560 and 2570 resistance before stalling at 2585 resistance..

For Monday, Key S/R level is 2575, 
- Bullish above 2575, with resistance at 2585, 2590, 2595 and 2600
- Bearish and in a pullback mode below 2575, with supports at 2570, 2560 and 2550.

NQ Upper Value Area  = 2584
NQ Point-of-Control = 2574
NQ Lower Value Area = 2563
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