Tuesday, November 3, 2015

NQ Guideline For Wednesday

Another up day for NQ on Tuesday with short-sellers being forced to cover. Although the market is in extreme overbought territory on all time frames, and is vulnerable to a large and quick down-move, with uptrend in extremely strong momentum, as long as pullback down does not get out of control NQ should continue to melt upward.

Key support for NQ on Wednesday will be 4700.