Tuesday, November 19, 2013

Trade Guideline For Wednesday - NQ

Tuesday was a second pullback down day for the US indices, as can be seen on the daily chart. If the current uptrend on the daily chart is still alive, the market should rally on Wednesday.

Key price level for NQ on Wednesday is 3375.
--, NQ is bullish above 3375, with first resistance at 3400. A clear and sustained break above 3400 could trigger a fast short-covering rally.
-- NQ is bearish below 3375, next support is 3365, and then 3345, 3335.