Sunday, October 28, 2012

Trade Guideline For Monday (NQ)

Daily Trend = Down
60-minute Trend = Down
5-minute Trend = Up at the close on Friday, and would need a clear and sustained break below 2650 to change the 5-minute trend back down.

Key Level For Monday is 2650.
-- Bullish above 2650 but there are numerous resistances to overcome.
-- Bearish below 2650, with first support at Friday low 2630, then 2625