Sunday, October 14, 2012

Trade Guideline For Monday - NQ

NQ continues to trade sideways with a slight downward bias, a base for a snap-back rally or a running correction before a massive sell-off.

The direction for NQ on Monday will depend on where it trades in relation to key level, and then what it does at breakdown and breakout level.

Key Level For Monday is 2720.
-- Above 2720 implies it is in a pullback -up mode, with resistance at 2730, then 2745-47.
-- Supports below 2720 are 2705, 2695, 2650

John Williams -- Hyperinflation in the US within 1 year