Monday, November 11, 2013

Guideline for Tuesday - NQ

With most traders out of the office for the holiday Monday, trading was light, with a very narrow trading range. 
With most traders back at their trading desk on Tuesday, the market could make a trending move, the direction will depends on where it traders in relation to support/resistance price level.

Resistance = 3365, Support - 3350.
-- Potential short-covering above 3365, resistances are 3380, 3395.
-- Bearish below 3350, with supports at 3335, 3315.