Monday, May 4, 2015

NQ Guideline For Monday

Friday's rally for NQ stopped just below key resistance 4475, which will be Monday's key inflection point for NQ.

Trading above 4475 is bullish and has the potential to trigger short-covering rally
Failure to break clear above 4475 could attract short-seller hat could send NQ back down to 4450 and 4435 support area.