Tuesday, January 22, 2013

Trade Guideline For Wednesday

Nasdaq rallied into the closed ahead of Google and Apple earnings after the close. Whether or not the rally is going to continue into the open only time will tell, but all markets are now in breakout mode. 
Key Level For NQ on Wednesday is 2745 area.
-- Above 2745 implies it is going up, next resistance is 2775.
-- Below 2745 implies it is gpoing into pullback mode before rallying back up again, supports are 2732, 2722.