Wednesday, December 3, 2014

NQ Guideline For Thursday

Another choppy sideways consolidation day for NQ on Wednesday. Unless NQ can break below 4285 and trigger algo sell programs, we could see another choppy day again on Thursday.

Key price level for NQ on Thursday will be 4305.
-- Above 4305 is an indication NQ may continue to rally in a very slow choppy way.
-- Bearish below 4305 but NQ would need to break below 4285 to trigger algo sell programs to cause a fast liquidation decline, if so, next support levels are 4250, 4225