Monday, February 16, 2015

NQ Guideline For Tuesday

NQ daily chart is still in a very strong uptrend, but may soon be ready for a one to two days pullback before resuming the uptrend, that is, as long as any pullback-down move does not clearly violates key pullback price level.

Key inflection price level for NQ on Tuesday will be 4370
-- Trading above 4370 is an indication NQ is still in a strong uptrend with the next ADR upside target at 4418.25
-- Clearly breaking below 4370 however, implies NQ is in a pullback-down mode, next support is at 4345.

Greece debt negotiation with the EU should continue to be a major influence on the direction of the stock market.
 KWN Leeb V 2:3:2015