Monday, October 15, 2012

Trade Guideline For Tuesday

A pullback up-day on Monday.  Key level for Tuesday is 2725.
-- Above 2725 implies the uptrend that started on Monday is still in progress, with the next resistance at 2745-47. On a very bullish day, next resistance is 2763-65.
-- Below 2725 implies the uptrend that started on Monday has ended, first support is Monday's swing low, then 2695 and 2650.