Sunday, December 29, 2013

Guideline For Monday

NQ traded down on Friday, broken down through 3570 support, but then rallied back up to re-test broken support - now resistance at the 4:15 close

For Monday the morning trend will depend on where it trades in relation to its support/resistance price level 3570.
-- It could opened with a gap-down and run down to the next support 3535, or, it could opens below 3570 and then trend down to support 3535 in the morning. Strong support lies at 3520.
-- Or NQ could open above 3570, then run up to test Friday's swing high.