Monday, January 21, 2013

Trade Guideline For Tuesday

Daily Trend = UP in all Major Indices (S&P 500, Dow, Nasdaq, etc)

After opening gap-down and trend-down in the morning NQ reversed back during the lunch hour and continued up the whole afternoon, closing near the high. As long as it can stay above key support, it should continue its rally on Tuesday.

Key Support on Tuesday is 2732.
-- Above 2732 NQ should continue to rally, with ffirst resistance at Thursday's swing high. 
-- Below 2732 implies Friday afternoon rally has ended and it is going back down towards Friday low.