Tuesday, November 10, 2015

NQ Guideline For Wednesday

NQ remained in a down-mode on Tuesday. After making a lower low soon after the open NQ traded in a sideways consolidation pattern for the rest of the day setting up another strong selloff. To do so NQ should stay below 4645 swing high and then trend down below Tuesday low.

Breaking above 4645 swing high could trigger short-covering rally.