Tuesday, April 23, 2013

Trade Guideline For NQ on Wednesday

On Tuesday NQ continued to rally into resistance in the morning before consolidating the rest of the day. 

On Wednesday, as long as it stays below 2832.50 NQ should continue to pullback down towards supports 2805, then if that does not hold the next support is 2780.

A sustained break-back above 2832.50 may trigger another round of short-covering rally, next resistance is 2857.