Tuesday, January 29, 2013

Trade Guideline For Wednesday

On Tuesday Nasdaq opened and ran down to support in the morning before rallying back up and closed just below resistance. 

For Wednesday it would need to break above resistance 2745 to trigger a fast short-covering rally, next resistance is 2765, and also R1 - Breakout Level.

Staying below resistance implies it is going back down to support, 2730, 2720.

US Debt Ceiling Lifted