Thursday, June 18, 2015

NQ Guideline For Friday

A large up-trending day for NQ on Thursday, likely as a result of massive buying campaign by central banks ahead of the important decision on Greek debt repayment this weekend. Whether or not the buying campaign will continue on Friday or will they let the market consolidate the huge gain, only time will tell.

Key price level for NQ on Friday will be 4535.
-- Trading below 4535 is an indication NQ is in a pullback mode, first support at 4500
-- A sustained break above 4535 implies NQ is continuing to trend up, with the next resistance at 4551.