Wednesday, February 25, 2015

NQ Guideline For Thursday

Dragged down by a sell-off in Apple share, AAPL, NQ sold off in the afternoon sending NQ into a pullback-down mode. 

Whether or not NQ will continue its sell-off or resume its uptrend on Thursday, only time will tell, and will depend on where it trades in relation to its price inflection level.

Price inflection level for NQ on Thursday will be 4445
-- Trading below 4445 is an indication NQ is still in a pullback-down mode, next support is 4415
-- Trading back above 4445 implies NQ uptrend has resumed.