Tuesday, July 1, 2014

Guideline For Wednesday

Ahead of the long weekend the market tends to be bullish, so any pullback down is an opportunity to go long as long as it does not break key support.

Key inflection price level for Wednesday is 3885. Key support is 3850-3860 zone.
-- Trading below 3885 is an indication NQ may be going into a consolidation mode before resuming the uptrend. If so target down is 3850-3860.
-- Trading above 3885 implies the next upleg is in progress, next upside target is 3910.