Wednesday, August 6, 2014

Guideline For Thursday

on Wednesday, NQ opened with a large gap-down and then immediately rallied all morning back up to resistance before pulling back down to the inflection price level.

For Tursday NQ either rally up on its next upleg to resistance or drop back down to re-test Wednesday's low, and it will depend on where it trades in relation to key inflection price level, for Thursday it will again be 3870.

-- Above 3870 NQ is bullish, resistance are 3895 and 3915
-- Bearish below 3870, with first support at 3855 and 3845, 3830, 3800