Sunday, November 11, 2012

Trade Guideline For Monday (NQ)

A consolidation day on Friday, which could lead to more consolidation or short-covering rally day on Monday unless it can clearly break below Friday low and stay below Friday low on a break.

Key level For Monday is Friday swing low.
-- Above Friday low implies a consolidation day or a short-covering day. Resistances area 2610, 2620, 2630, 2640
-- Below Friday low implies another liquidation day, support is 2550, then 2500.