Thursday, April 2, 2015

NQ Guideline For Friday

NQ traded sideways in a very narrow range on Thursday, settign up for a trend move up or down depending on the direction of the break. because Friday is usually a sideways consolidation day, it is also possible for NQ to remail inside the 4300 - 4330 trading range.

Key price level for NQ on Friday will be 4300 support and 4330 resistance. Any break out of the range dan trigger a trending move out of the range. A false breakout however could trigger a fast reversal.