Wednesday, September 23, 2015

NQ Guideline For Thursday

A sideways consolidation day in the market on Wednesday with NQ closing right at key inflection price level, 4270.

With the market totally influenced by international events, particularly events in China and the crude oil market, anything is possible.

- But trading above 4270 implies NQ is going up, first resistance is 4300.
- Trading below 4270 is an indication the downtrend has resumed, next support is 4200.