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