Tuesday, December 3, 2013

Guideline For Wednesday- NQ

Another sideways consolidation day for NQ on Tuesday. At the end of the day it looks ready to rally back up to re-test Monday's swing high. To do so, it has to clearly break above 3485 resistance 

Failure to break and stay above 3485 implies more consolidation or downtrend. To trend down, NQ would need to clearly break below 3455-3460 support zone.

Next strong support is not until 3420-3425, although there is some support at 3435.