Monday, April 15, 2013

Trade Guideline For tuesday

A nice 5 wave decline from the opening high to afternoon low for NQ on Monday.

For Tuesday as long as pullback up does not clearly break above the FT Pivot area 2800 we should see another down-trending day.

However, a clear and sustained break above 2800 could either lead to a sideways consolidation or a short-covering rally. Resistance is 2829.