Wednesday, December 12, 2012

Trade Guideline For Thursday

Unable to break above 2700 resistance, NQ traded sideways in a consolidation mode on Wednesday  Unless it can clearly break above 2700, NQ should continue to consolidated or pullback down to support.

Resistance is now 2700 
Support is 2640.

Fed's announcement of QE4 to infinity did not help the market at all on Wednesday.