Tuesday, October 20, 2015

NQ Guideline For Wednesday

A narrow-range down day for NQ on Tuesday. Normally, it should be followed by another down day on Wednesday, but today's market is anything but normal as the Fed buyers are very active with their buy programs in order to keep the uptrend going.

Key inflection price level for NQ on Wednesday will be 4425.
-- Bullish above 4425, with first resistance at 4455.
-- Bearish below 4425, with first support is at 4390-4400.