Thursday, August 27, 2015

NQ Guidelien For Friday

On Thursday NQ opened with a large gap-up but then traded in a sideways fashion with the close at the day high and pushing above key resistance level 4330.

If NQ can trade and stay above 4330 it is an indication NQ is heading up towards 4500, but next resistance resides at 4430 then 4480.

Inability to break clear above 4430 has the potential to attract short-selling, with first support at 4200 then 4100.