Monday, August 5, 2013

Guide For Tuesday - NQ

A paused day for NQ on Monday after making a higher-high above prior day high. Key level for Tuesday will be the same as Monday, 3130.

As long as NQ trades above 3130 I will be looking for another higher-high, but if it trades below 3130 the next support is 3115. 

With the constant presence of the Fed's relentless buy programs it is difficult to imagine that NQ will break below 3015, but if it does, the next support below is 3095