Monday, November 10, 2014

NQ Guideline For Tuesday

Another very choppy narrow-range up-day for NQ on Monday. The pattern should continue unless the Fed can come in with large buy programs and triggers more short-covering rally.

Key price support level for NQ on Tuesday is 4160.
-- More rally above 4160, next target is another higher-high above Monday swing high.
-- Possible larger pullback below 4160. If so, the next support is 4135. As long as there is no major unexpected market-moving news, 4135 support should hold.