Sunday, November 29, 2015
NQ Guideline For Monday
With most traders out of the office for the long weekend to celebrate the Thanksgiving holiday the market did not move very much in either direction, NQ stayed close to its key inflection price level of 4675 area.
With most traders now back from the holidays we should see the market moving away from the 4675 balance area, the direction will be based on where it trades in relation to 4675. But with the Fed December policy meeting coming up soon any trending move may be muted.
-- Bullish above 4675, with the next resistance at 4700.
-- Bearish below 4675, with the next support at 4655.