Tuesday, September 1, 2015

NQ Guideline for Wednesday

A broad-base sell-off in the equity market on Tuesday with NQ dropping over 100 points before rallying into the close on profit-taking.

NQ dropped down to just above 4100 support,and as long as NQ can stay above 4100 on Wednesday selling pressure should subside.

However, a break below 4100 would tank NQ hard, down to re-test the recent low, a crash scenario.