Tuesday, September 8, 2015
NQ GuidelineFor Wednesday
The market is greatly manipulated and the Fed is very likely to trigger massive buy programs in order to trigger short-covering rally ahead of the FOMC decision on interest rate next week. So Tuesday's massive rally should continue if the Fed has their way.
The market rallied on Tuesday with NQ closing at 4300 resistance. A break above should trigger a short-covering rally with the next resistance at 4340.
Should NQ break and then stay above 4340 it is likely to trigger more short-covering with the next resistance at 4440 and then 4500.
Failure to break clear above 4340 is likely to attract short-selling