Sunday, June 1, 2014

Guideline For Monday

NQ traded sideways on Friday, briefly traded below 3625 support, but then quickly rallied back up above support at the end of the day.

For Monday as long as it stays above 3625 support the rally should continue, NQ to make another new high. 

The uptrend has been very slow and choppy, a typical characteristics of a bull market that is mostly driven by short-covering engineered by HFT traders.

Selloff in the gold market continues