Monday, December 9, 2013

Guideline For Tuesday - NQ

With the Fed determined to push the market up into the new year, NQ should continue to move higher -- with the market usual opening with a gap-up and then trade sideways for the rest of the day.
The pattern should continue, so the current trade is to go long near the close and exit at the opening gap-up open, until of course it stopped working

NQ key support level for Tuesday is 3510.
-- Above 3510 implies the market should continue to make higher-high before pulling back down. 
-- Below 3510 is an indication that NQ is pulling back down to lower support level, 3500.