Wednesday, May 1, 2013

Trade Guideline For NQ on Thursday

On Wednesday, after making a higher high above Tuesday swing high near the open, NQ reversed and slowly trend down in a choppy way all day.

For Thursday morning  as long as NQ is below its previous support now resistance 2870 area, the morning trend should be down.

Above 2870 is an indication that Wednesday's pullback has ended rally continues.