Wednesday, August 1, 2012

Trade Guideline For Thursday

NQ continued to trade inside a sideways trading range on Wednesday even after the FOMC announcement. Traders are now waiting to see what the ECB will say on Thursday.

Key Level for Thursday is 2640. Resistance 2658, Support 2620.
-- Sustained break above resistance = target 2700.
-- Sustained break below support target 2590 - 2595.

Upper VA = 2642.50
POC = 2637050
Lower VA = 2628.50