Thursday, August 1, 2013

Friday Guideline

A gap-up and a trend-up day on Thursday with a close near the day high. For Friday, NQ may pullback down before rallying up to another higher-high or rally to another higher-high and the pullback down to support.

Key Level for Friday is 3115.
-- Above 3115 at the open and staying above 3115 implies it is going to first make a higher-high before pulling back down to support
-- However, below 3115 implies it is going into a pullback mode before rallying back up to new higher-high.