Wednesday, August 15, 2012

Trade Guideline For Thursday

A consolidation day on Wednesday with the early morning re-test of 2725 broken resistance now-support. NQ traded sideways inside prior day trading range.

Support for Thursday is 2725 with resistance at 2743.
-- Potential breakout above 2743, with first upside target at 2750.
-- Potential breakdown below 2725, with first target down of 2700
-- Continuing consolidation inside 2725 - 2743 range.