Thursday, July 11, 2013

Trading Guide For Friday

A gap-up and trend-up day on Thursday with a close near the high of the day. For Friday, with or without a pullback, a continual push above 3050 should trigger more short-covering rally. 

However, below 3050 is an indication that NQ is in a pullback mode with first support at 3025.

No tapering for Ben's QE programs until the system collapses