Monday, March 23, 2015

NQ Guideline For Tuesday

NQ traded sideways in the morning and into early afternoon only to get sold late in the afternoon and into the close. 

Key resistance for NQ going into Tuesday's trading will be 4460, and key support will be 4430.
-- If NQ can stay above key support and strong support zone between 4430-4435 area then NQ should rally back up and make a higher-high above Friday swing high. However, to do so, NQ would need to break above 4460 resistance and then trigger some sort of algo buy programs that triggers short-covering to catapult NQ up to above Friday's swing high.
-- Breaking below 4430 is an indication NQ uptrend may have reversed, and that NQ is likely to drop back down towards supports at 4300 area.

Gold, Silver, Euro Fx, Crude Oil, may have bottomed 
 Image result for gold