NQ rallied in the morning on Friday then consolidated the rest of the day, closing near the high.
For Monday, key level to watch for is Friday's swing high.
-- Below Friday's high implies consolidation is still in progress, with support at FT Pivot, then 2835, 2825, 2820. A clear break below 2820 could run-over trailing stop-loss, and can potentially trigger a fast drop.
-- A sustained break above Friday's high implies consolidation has ended and the next up-leg is in progress, targeting the zone between R1 and breakout.
FT Pivot Levels
FTP = 2847.75, R1 = 2862.75, S1 = 2836.50
Bernanke and Draghi Adds Fuel To Gold's Fire, even Miners rally
Link: http://www.forbes.com/sites/afontevecchia/2012/09/14/bernanke-and-draghi-add-fuel-the-gold-fire-even-miners-rally/?partner=yahootix
