Tuesday, July 21, 2015

NQ Guideline For Wednesday

NQ traded sideways on Tuesday but sold-off hard, down over 60-points after the close, following several earning reports. Unless the Fed buyers can manipulate the market up overnight the NQ is set to sell-off at the open

Key price level for NQ on Wednesday will be 4665
-- If NQ opens below 4665 and fail to break back above 4665, it is going into a sell mode with key support at 4600. If 4600 support does not hold, look for selling to continue down toward breakout price level at 4550.