Tuesday, September 10, 2013

NQ Guideline For Wednesday

US military strike on Syria has been put on hold,at least for now due to overwhelming opposition by the american people, but the government will certainly be looking for another excuse to strike because the goal is to strike Syria, by hook or by crook, but for now, it has been put on hold.

The strike delay has given a boost to the equity market as the rally continues, and it should continue with pullbacks along the way, unless the US can find another good reason to strike. 

Key Level For NQ on Wednesday is 3190.
-- Short-covering to continue above 3190, next resistance zone is 3200.
-- Below 3190 implies NQ is going into apullback mode with support at 3168