Wednesday, March 13, 2013

Trade Guideline For Thursday

Nasdaq NQ is currently stuck between 2810 resistance and 2780 support. Unless it can get a clear breakout from the above (2780 - 2810) trading range, NQ should continue to oscillate between support and resistance. 

However, it has been stuck inside the range for seven consecutive days, and it should break out above resistance or break down below support fairly soon.

Next resistance above 2810 is 2850
Next support below 2780 is 2755

60-Minute NQ Chart

New Pope has been Chosen