Sunday, December 28, 2014

NQ Guideline For Monday

NQ broke above 4300 resistance then trend up all day, Christmas present for the market  courtesy of the Fed. Going into year end it is difficult to believe that the Fed is not going to continue to buy the market, and also the first couple of weeks in January tends to be bullish.

Key price level for Monday in NQ will be 4300 support and 4320 resistance.
-- Bullish above 4320
-- An indication of a larger pullback down on a clear break below 4300, next support is 4285 then 4270.