Thursday, September 18, 2014

Guideline For Friday

NQ opened with a gap-up on Thursday and then rally up all day into the close, albeit, a narrow range up day. Going into Friday which tends to be a choppy sideways type of day, NQ needs to trade above 4100 and push higher to trigger more short-covering rally.

Trading below 4100, with or without first breaking above 4100 implies NQ is going into a pullback-down mode with supports at 4088, 4065.