Sunday, November 16, 2014

NQ Guideline For Monday

A choppy sideways consolidation type of day for NQ on Friday, with a slight bullish bias, but remained inside Thursday's trading range, setting up a bigger move, either up or down..

 Key support price level for NQ on Monday is 4210.
-- Bullish above 4210, the next target is a break above Thursday swing high, likely to 4240-4250 depending on how bullish the market will be.
-- Below 4210 is an indication that NQ is going into a bigger pullback-down mode with support at 4195-4200. If that support zones does not hold, the next support is 4175, a strong support. It would need a very bearish market internals to clearly break the 4175 support area.