Wednesday, July 2, 2014

Guideline For Thursday

With most traders out of the office for the 4th of July holiday the market remains in a very narrow-range choppy mode on Wednesday and the pattern should continue on Thursday as long as there is no unexpected market moving news.

Key support remains 3885 for NQ on Thursday.
-- Trading above 3885 implies sideways choppy pattern or uptrend.
-- Breaking below 3885 may trigger algo sell programs.