Wednesday, November 6, 2013

Thursday's Guideline For NQ

On Wednesday, after opening with a large gap-up then immediately tanking down to support in the morning, NQ traded sideways all day closing right at key support, 3375, also key level for Thursday's trading.

NQ looks set for the next declining leg on Thursday. If so, it should open and stay below 3375 on Thursday morning. Supports are 3360 and then 3350, 3340.
--Trading above 3375 is an indication NQ is going to rally up to test the recent high, resistance zone is still at 3390-3395.