Tuesday, March 3, 2015

NQ Guideline For Wednesday

NQ traded sideways on Tuesday, down in the morning breaking below key inflection price level, and then rally in the afternoon, back up to key inflection price level, and that was where NQ closed for the day.

On Wednesday key inflection price level is again 4460
-- Trading above 4460 is an indication that pullback-down mode has ended and that NQ uptrend on the daily chart has resumed, next target is a higher-high above Monday's swing high.
-- Staying below 4460 implies NQ is still in a pullback mode, supports are again at 4445 and 4430.