Wednesday, October 7, 2015

NQ Guideline For Thursday

NQ traded sideways again on Wednesday, either a setup for the next leg up or a sideways consolidation for a pullback down day on Thursday.

Key price level for NQ on Thursday will be 4300 support and 4330 resistance.
-- Above 4330 resistance implies NQ is going to trend up on Thursday.
-- Trading below 4300 is likely to trigger some sell programs that can push price down to the next support at 4260.

Tension in the middle east continues to heat up by the day as Russian jets continues to bomb American-sponsored terror groups in Syria.