Monday, August 17, 2015

NQ Guideline For Tuesday

NQ opened with a gap-down but remained above 4500 key support level. After trading sideways for a short period of time large buy programs hit the market, pushing NQ up to 4540 key resistance.

After a brief pullback, another large buy programs hit the market again pushing NQ above 4540 key resistance and stay above it all day long with a close at the day high.

NQ uptrend should continue on Tuesday as long as any pullback down-move does not violate key support, and on Tuesday that key support will be 4540, and the next upside target is 4620 but resistance are at 4580 and 4600.