Sunday, May 10, 2015

NQ Guideline For Monday

On Friday with the Fed engineered buy programs triggered before the market open, NQ opened with a huge gap-up above key resistance 4437, then traded sideways but remained above 4437. 

Key price level for NQ on Monday will be 4437.
-- As long as NQ can stay above 4437 NQ will remains in a bullish mode, with resistance at 4475 and then 4500.
-- trading below 4437 will be bearish and could trigger algo sell programs, supports are at 4425 and then 4400