Thursday, May 16, 2013

Trading Guideline For NQ on Friday

Nasdaq made another higher high on Thursday, closing right at support-resistance level (3000) for Friday.

As long as it does not clearly violate 3000 support level on Friday, the uptrend should continue. A clear break below 3000 however, implies NQ is going lower to supports 2982.50 and then 2975.