Sunday, August 10, 2014

Guideline For Monday

After dropping down to support in the morning on Friday NQ rallied all day, with the usual profit-taking decline near the close.

Inflection price level for NQ on Monday will be 3865.
-- As long as NQ can stay above 3865 we should see a rally with first resistance at 3890, then 3915. Strong resistance is at 3930, it would take an extreme bullish internals to break above 3930.
-- Bearish below 3865 with first support at 3840. Lower supports are 3830 and 3800 which is a strong support.