Sunday, August 16, 2015

NQ Guideline For Monday

NQ traded sideways on Friday, setting up a possible trending move, the direction would depend on where it trades in relation to support/resistance levels.

With the markets still trading inside their respective choppy zone on the daily chart, any market moving events can move the market either up or down, watch the price levels.

For Monday key price evels are 4500 support and 4540 resistance (4500-4540 trading range)
-- Bullish above 4540
-- Bearish below 4500
-- Choppy inside the 4500-4540 price zone

Chinese Yuan