Tuesday, November 25, 2014

NQ Guideline For Wednesday

On Tuesday, NQ opened and railed briefly above 4300 resistance before pulling back down below it and then traded sideways the rest of the day.

With most traders out of the office for the Thanksgiving holidays Wednesday;s trading could be a repeat of Tuesday's price action, a flurries of activities in the morning followed by sideways choppy action most of the day.

Key price level for NQ on Wednesday is 4280.
-- Bullish above 4280, next upside target is a break above Tuesday's swing high.
-- There could be a flurry of selling activities below 4280 with the next support at 4260.