Tuesday, March 25, 2014

Guideine For Wednesday

NQ and ES rallied up to resistance then dropped down to support before bouncing back up to the middle of the trading range just slightly above key price inflection level for Wednesday, 3620 for NQ and 1856 for ES.

-- Bullish above 3620 for NQ with 1:1 upside targets up are 3650 for smaller wave and 3670 for larger wave,resistance are 3650, 3660 and 3680.
-- For ES bullish above 1856, 1:1 upside target are 1868 for smaller wave and 1872 for larger wave, resistances are 1866 and 1874.

-- Bearish below 3620 for NQ, next support is at 3695 and 3675.
-- For ES, supports below 1856 are 1847 and 1842