Thursday, April 11, 2013

Trade Guideline for Friday

A sideways consolidation day following a large trending up day on Wednesday. Key resistance for Friday is around 2857.50.

As long as price cannot breakout above, but more importantly, if it cannot stay above on a break, look for NQ to continue to consolidate sideways.

A clear and sustained break above 2857.50 could lead to another fast rally.