Thursday, May 14, 2015

NQ Guideline For Friday

Another gap-up open on Thursday and this time the buy programs were ready to buy any selling. So, after a brief selloff immediately after the open, buy programs came in full force that lasted all day long.

Buy programs should continue on Friday and as long as any profit-taking decline does not get out of control we should see another up day on Friday.

Key support for NQ on Friday will be 4460
-- As long as pullback down does not clearly violates 4460 support the uptrend should continue.
-- Breaking below 4460 is bearish for NQ, lower support is 4437.