Monday, September 1, 2014

Guideline For Tuesday

The equity market badly need a major pullback down move to attract algos back into the market, simply because a slow & choppy  narrow-range uptrend is not very attractive for the big algos. Without a major pullback down move the current slow choppy narrow range uptrend is going to continue.

Key inflection price level for NQ on Tuesday is 4075.
-- Above 4075 NQ should continue to slowly chop upwards.
-- Bearish bias below 4075. First support is 4060, then 4050, 4030