Sunday, November 9, 2014

Guideline For Monday

Friday was another choppy sideways consolidation day, the sixth in a row. Without any new buyers the market is going to continue to trade sideways, and as long as NQ stays above 4100, sellers are going to be on the sideline, so it is up to the Fed to buy the market and push the market up.

Key inflection price level for Monday is 4155, resistance is 4175, support is 4120. Key support is 4100.