Wednesday, January 9, 2013

Trade Guideline For Thursday

Another narrow-range sideways consolidation day on Wednesday, but NQ looks ready to break out above key resistance of 2730. If so, we can expect a fast short-covering rally and likely break through 2747 double-top resistance.

Below 2730 implies it is not ready to trend up, and we can expect another narrow-range sideways consolidation day with support at 2720, 2710, 2700, 2690.

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