Thursday, September 13, 2012

Trade Guideline For Friday

Massive buy programs by the Fed after the released of their FOMC minutes with QE3 announcement helped pushed the market up to close near the day high.

For Friday, key price level is 2820.
-- Above 2820 implies the current uptrend on the 5-minute chart is still in progress.
-- Below 2820 implies NQ is going into a consolidation mode, targeting 2805-2810