Monday, April 20, 2015

NQ Guideline For Tuesday

On Monday NQ opened with a gap-up just below key resistance price zone 4370-4380, continuing Friday's end of day rally. With huge buy programs triggered right at the open designed to break through resistance successfully broke above resistance, and then continue on its uptrend all day long, making Monday a trend-up day

For Tuesday NQ either rally up into the next resistance 4425-4430 in the morning then pulling back down to 4400, or first pulling back down to support in the morning then rally back up to 4425-4430 resistance.

A clear and sustained break above 4425-4430 resistance is likely to trigger another round of buy programs

S&P 500 chart for the week ending April 17, 2015