Thursday, April 3, 2014

Guideline For Friday

NQ opened and quickly tried to breakout above prior day high on Thursday  but failed, attracting sellers, tanking it hard as NQ finally bounced off 3610 support area.

Friday tends to be a choppy sideways type of day as traders closes their positions ahead of the weekend, unless unexpected market moving news trigger a move out of the range.

Key price inflection level is 3635, support for NQ on Friday is 3610, resistance are 3650 and 3670.
-- ADR target up = 3693
-- ADR target down = 3580

ES key inflection rice level is 1880, support is 1876, resistance is 1886