Monday, December 2, 2013

Guideline For Tuesday - NQ

NQ traded sideways on Monday, with a close just at inflection price level level 3485, support is at 3475 and resistance is at 3490. It can of course continue to consolidate unless it can clearly break out of the 3475 - 3490 trading range.

A break that fails would implies a reversal targeting a break through the opposite support/resistance.