Thursday, August 29, 2013

Friday Guideline For NQ

NQ quickly broke above resistance 3085 on Thursday and the continued to rally up to resistance before pulling back down to broken resistance now-support at the close.

For Friday, 3085 will be key level to watch for NQ trend direction
-- If 3085 support can hold in the morning NQ should rally back up to 3010 resistance, and possible has to break above it before pulling right back down.
-- Below 3085 implies NQ is going back down to support 3050-3055

British Parliament had just voted down the UK involvement in the military strikes against Syria so the US may have to go it along.