Wednesday, August 27, 2014

Guideline For Thursday

NQ again traded sideways in a very narrow trading range on Wednesday on very low volume. 

Absent any buyers except the Fed HFT trading machine designed to keep pushing the markets higher, and absent any short-seller until the Fed gets out of the way, the current pattern of very choppy and narrow range day is going to continue, unless the conditions change.

Key inflection price level for Thursday is 4070 in NQ.
-- Next upside is 4100
-- First support is 4060