Sunday, December 2, 2012

Trade Guideline For Monday

NQ paused at double-top resistance on the daily chart. Resistance are 2695 and 2710.

Going forward, it either break through double-top resistance soon or pullback before breaking through. In any case, the market is bullish ahead of Q4 announcement expected to be announced in January 2013. Expect more short-covering into the Santa Clause rally period.

QE 4 - To be announced in January