Monday, June 16, 2014

Guideline For Tuesday

With FOMC decision anouncement not until Wednesday afternoon the market may continue to be choppy, and stuck inside a trading range, which for NQ is between 3750 lower range support and 3785 upper range resistance.

Although not expected, a clear and sustained break out of the 3750 - 3785 range implies NQ is moving to another trading range, 3785 - 3805 higher range zone and 3750 - 3730 lower range zone.