Monday, May 11, 2015

NQ Guideline For Tuesday

A choppy downtrend for NQ on Monday, dropping down below key support price level 4437, setting up a strong down-day unless NQ can break-back up above 4437 area.

Key inflection price level for NQ on Tuesday will be 4437.
-- Trading above 4437 is bullish anc likely to trigger a short-covering rally, first resistance is 4475 then 4500.
-- Bearish below 4437, likely to trigger algo sell programs below 4425, targeting 4400. Selling is likely to intensify below 4400