Thursday, January 9, 2014

Guideline For Friday

The market traded sideways ahead of the often market-moving employment report due before the market opens in the morning. it is difficult to say whether the market reaction is going to be bullish or bearish but we would already know where NQ will open when the market opens.
Key level to watch for NQ at the open is 3550.
-- Above 3550 implies bullish market, upside target is a break above prior swing high 3595.
-- Bearish below 3550, supports are 3533, 3510