Tuesday, October 15, 2013

Guideline For Wednesday

On Wednesday, after making a higher high above Monday's swing NQ pullback down and consolidated for the rest of the day, setting up either a morning uptrend or a downtrend, depending on where it opens and trades in the morning in relation to it key inflection level.

Key inflection zone for Wednesday is 3247.
-- Above 3247 is an indication that NQ is going back up, resistance is now at 3270 area.
-- Bearish below 3247 with supports at 3200 and 3185

No agreement yet on the debt ceiling debacle