Sunday, October 27, 2013

Guideline For Monday - NQ

After making a new higher high above Tuesday's swing high NQ quickly reversed back down to the balance point. It then traded sideways into the close. 

Key inflection level for Monday is 3377 area.
-- Above 3377 is an indication NQ is continuing back up to make another higher-high above Friday's swing high.
-- Below 3377 implies there is another down leg following Friday's afternoon sideways action. If so support is again at 3350.