Thursday, December 17, 2015

NQ Guideline For Friday

Massive buy programs going into the FOMC decision and after the FOMC decision was announced failed to trigger multi-days rally as the market was sold off on Thursday.Unless massive buy programs hit the market on Friday the sell-off should continue on Friday.

For NQ key price level to watch for will be 4570 and the price of crude oil.
-- A clear break below 4570, along with a selloff in crude oil, is likely to trigger massive sell programs that should tank NQ down to 4500.
-- Staying above 4570 should keep sellers in check, if crude oil rally look for NQ to rally as well.
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