Wednesday, April 8, 2015

NQ Guideline For Thursday

NQ opened above 4330 key support on Wednesday which kept NQ on a bullish side. Buy programs likely triggered by the Fed algos pushed NQ towards resistance, but profit-taking and short-selling held NQ below key resistance of 4380.

NQ would need to break above 4380 resistance soon to keep NQ on the bullsh side, as failure to break above 4380 is likely to attract enough short-sellers to tank NQ back down.