Monday, December 23, 2013

Guideline For Tuesday

NQ opened with a gap-up and trend-up all day on Monday. The market is now in overbought territory on the daily chart and may attract some profit-taking selling, 

But with the holidays ahead of us, the Fed buying algorithm will be in full speed to ensure that the market continues to go up. If so, the trend may just continue to go up without much pullback, albeit in slow motion.
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