Monday, December 3, 2012

Trade Guideline For Tuesday

Nasdaq opened with a gap-up into 2700 resistance then quickly reverse back down closing near the day low, basically a gap-reversal day on Monday.  

Key level for Tuesday is 2700
-- Below 2700 NQ is in a pullback mode, with supports at 2660 then 2640.
-- It needs a clear and sustained break above 2700 to trigger another round of short-covering