Thursday, July 25, 2013

Friday Guideline

Nasdaq has been trading inside a narrow trading range between 3025 support and 3055 resistance for three consecutive days. It needs to clearly break out of the range to trigger a trending move in the direction of the break.

Is it going to break out of the 3025 - 3055 trading range on Friday?, maybe, but it is not very likely as options expiration Friday tends to be choppy, but we must always watch out for the unlikely event.

Gold continued to rally, resistance is 1350-1360