Thursday, March 5, 2015

NQ Guideline For Friday

Another sideways consolidation day for NQ on Thursday. Although the current uptrend on the daily chart is still alive, NQ would need to push higher higher on Friday in order to keep the uptrend alive.

Failure to rally to higher-high on Friday could put the current uptrend in jeopardy, and could attract algo sell programs, with the decline target down to a re-test of the breakout level 4345.

Key inflection price level for NQ on Friday will be 4445.
-- Bullish above 4445, with first resistance at 4465
-- Bearish below 4445, with first support at 4430