Sunday, January 11, 2015

NQ Guideline For Monday

On the daily chart, NQ is still inside its consolidation zone between 4100 support and 4325 resistance. On Friday NQ traded sideways, a setup for the next leg up or for the next leg down, depending on where it trades in relation to its key price inflection level.

For Monday key price inflection level will be 4200.
-- Bullish above 4200, resistance is 4275.
-- Bearish below 4200, first support is 4160, then 4100