Monday, July 7, 2014

Guideline For Tuesday

NQ pullback down to support in the morning on Monday, then traded sideways just above support for the rest of the afternoon, a with small profit-taking rally at the close. 

Depending on where it trades on Tuesday, NQ either rally back up to higher-high or drop down for to the next support zone.

Key support for Tuesday remains at 3895 - 3900.
-- Trading above support is an indication NQ may want to rally to higher-high.
-- Trading below key support implies NQ is going for another leg down to the next support zone 3870-3875.