Tuesday, May 12, 2015

NQ Guideline For Wednesday

On Tuesday, After opening with a huge gap-down NQ sold off for about 20 minutes before finding support and then rallied sharply up to close the go then testing key inflection price level 4437 before pulling back down on end of day profit-taking decline.

NQ is now set-up for a rally on Wednesday, and key price level to break is again 4437, it is currently acting as resistance with price still trading below it.
-- NQ needs to trade above 4437 to turn bullish with the next resistance at 4475
-- NQ would remain under selling pressure below 4437.