Thursday, November 1, 2012

Trade Guideline For Friday (NQ)

A snap-back short-covering rally on Thursday ahead of the important job number on Friday. After the release on Friday we can either see more short-covering or a decline back down.

Key Level to watch for on Friday is 2680.
-- More short-covering above 2680, with resistances at 2695, 2705, then 2715
-- Bearish below 2680, with supports at 2660, 2650