Tuesday, March 12, 2013

Trade Guideline For Wednesday

A sideways consolidation on Tuesday, as NQ is stuck between 2780 support and 2810 resistance (June Contract). Unless it can break out of the range, look for NQ to continue consolidating inside the range.

Key Level For Wednesday is 2800.
-- Above 2800 implies a re-test of resistance at 2810.
-- Below 2800 implies a decline down to 2780 support

NQ 60-minute chart.