Sunday, September 29, 2013

Guideline For Monday - NQ

NQ continued to trade sideways between 3200 support and 3240 resistance, with 3220 as the middle (inflection) point. 

With the fiscal cliff debate still ongoing, I would suspect NQ would continue to trade inside the range, unless of course, some large insider fund has the information not available to the public. If not, NQ should continue to trade sideways. 

For December ES (S&P 500 futures) it continue to trade sideways inside the range between 1682 support and 1700 resistance.