Monday, July 8, 2013

NQ Guideline For Tuesday

The uptrend continued on Monday, with NQ making a higher high with a gap-up open then pulling back down in the morning and rallied in the afternoon.

The afternoon rally looks choppy, displaying a bear flag, implies a potential morning decline in  the morning on Tuesday, unless of course it stays above key support 2950. 

-- Above 2950 implies uptremd continues, next target is above Monday's swing high with resistance coming in at 2995-3000. 
-- Below 2950 is bearish at least in the morning, with next support at 1915.