Sunday, July 13, 2014

Guideline For Monday

A slow rally on Friday up to 3900 resistance before stalling and traded sideways into the close. 

Key price support level to watch for on Monday is 3890 for NQ.
-- Staying above 3890 implies buy programs is going to continue in the morning.
-- Below 3890 is an indication NQ is going into a pullback mode, with key suppot at 3880. As long as 3880 support holds NQ rally should resume.
-- A clear break below 3880 could trigger algo sell programs that can tank NQ back down to Thursday's low.