Tuesday, November 12, 2013

Guideline For Wednesday - NQ

Another narrow-range sideways pattern for NQ on Tuesday. For Wednesday support is still at 3350 and resistance at 3365.

Trading range = 3350-3365
-- A sustained break out of the range could cause a trending move in the direction of the break.
-- As always, be on the lookout for a false-breakout of the range. Note that a false-breakout will result in a reversal to test the opposite range support/resistance.