Tuesday, June 17, 2014

Guideline For Wednesday

Another choppy sideways pattern on Tuesday with NQ still trading inside a narrow trading range between 3755-3785 for the fourth day in a row. It may soon breakout of the range likely after the FOMC announcement on Wednesday afternoon, or on Thursday.

-- If the break is to the upside the next upside target is 3810-20.
-- If the break is to the downside the next support is 3830-35