Monday, February 9, 2015

NQ Guideline For Tuesday

Greek debt negotiation with the EU scheduled to begin on Wednesday should continue to greatly influence price action in the financial markets for a while going forward, until a clear decision has been made.

NQ trade sideways in a very narrow range on Monday, with support at 4200 and resistance at 4230 (4200 - 4230 trading range). 

A clear break out of the range is likely to trigger a fast trending move out of the range in the direction of the break, with the next resistance at 4260 and the next support below 4200 at 4160