Sunday, March 8, 2015

NQ Guideline For Monday

A large-range pullback down-day for NQ on Friday. NQ is now in pullback down mode on the daily chart. As long as NQ stays below 4450, look for sellers to stay in control..

Key inflection price level for NQ on Monday will be 4405.
-- Below 4405, look for more selling in NQ, next strong support is 4345, although there are several weak support above 4345.
-- Above 4450 is an indication NQ is in a rally mode, but it needs to clearly break above 4450 to trigger some algo buy programs .