Thursday, May 29, 2014

Guideline For Friday

As usual, after an early morning pullback, NQ resumed its uptrend in its usually choppy way for a total range of 22 points from day low to day high. As long as NQ does not violate its prior day low, the uptrend should continue.

Key support level for NQ on Friday is 3725.
-- As long as pullback does not clearly violates support the uptrend should continue to higher -high.
-- In the event that NQ clearly break below support it may be heading to a lower-low below prior day low.

Sell-off in gold continued on Thursday, now just above 1250 support.