Sunday, July 21, 2013

Monday Guideline For NQ

Nasdaq sell-off that started on Thursday night continued into Friday  with some profit-taking at the end of the day.

Key level to watch for on Monday is 3030.
-- As long as price can stay above 3030 NQ is either going to rally to resistances, 3050, 3065 and 3072.50 or trade sideways inside a trading range, between 3030 to 3050-3060.
-- More selling to be expected below 3030, next support is at 3000.