Tuesday, March 31, 2015

NQ Guideline For Wednesday

After trading sideways the entire morning and lunch hour NQ broke below critical support in the afternoon and, trigger lgo sell programs that tank NQ all the way down to 4330 support where it closed. 

The trade direction for NQ on Wednesday will depends on where it trades in relation to 4330 support.
-- Below 4330 is an indication NQ is likely to trade down to re-test recent swing low of 4280.
-- As long as NQ can stay above 4330 Tuesday's late day selloff has ended. If so, NQ is likely ging to rally back up to 4380 resistance.