Sunday, July 22, 2012

Trade Guideline For Monday

A gap-down and trend down day on Friday, with a close at the low of the day.

Key Level on NQ for Monday is 2625.
-- Downtrend should continue below 2625, target down is 2585, and lower if market internals is extreme. Supports on the way down are 2610, 2600, 2590, 2585, 2575.
-- Consolidation above 2625, target is 2645-2650

European Debt Crisis Continues to Get Worse