Tuesday, June 2, 2015

NQ Guideline For Wedensday

NQ remained inside the 4485-4540 trading range on Tuesday, trading sideways, the largest range was the morning rally that was followed by the afternoon decline.

-- As long as NQ remains inside the 4485 - 4540 trading range on Wednesday it should continue to trade sideways.
-- With the close right in the middle of the range, we'll be on the lookout for a potential false breakout of the range that can result in fast reversal. A sustained break out of the range, however, would lead to fast trending move out of the range.