Monday, December 10, 2012

Trade Guideline For Tuesday

A sideways consolidation day on Monday, unable to stay below 2640 key support level, likely ready to rally back up again.

Support for Tuesday is 2640, and key resistance is 2660. 
-- A clear and sustained break above 2660 could trigger another round of short-covering rally, next upside target is 2700 resistance.
-- Potential sell-off below 2640.

Fiscal Cliff