Thursday, February 20, 2014

Guideline for Friday

After making a lower-low below Wednesday swing low the market rallied all day into the close, setting up the usual Friday rally.

As long as price action is above key price level NQ and ES should rally to new high. How much higher high will they go is hard to predict, but next upside target for NQ is 3700, and for ES it will be 1855-1860

Key support-resistance price level for NQ is 3662.50 and for ES is 1834.