Thursday, October 24, 2013

Guideline For Friday

Nasdaq (NQ) rallied above key resistance 3350 during the morning run, and then stay above 3350all day setting up a rally to Tuesday's swing high.

Key price level is for Friday is now 3377.50.
-- More rally above 3377.50 should continue to trigger short-covering rally, with resistance at 3390-3400.
-- Below 3372.50 implies NQ is going into a pullback down mode, with support now at 3350.