Sunday, January 31, 2016

NQ Guideline For Monday

Short-covering was triggered on Friday as NQ open just below 4200 key inflection price level, but immediately rallied above it which triggered short-covering activities that lasted all day long.
 
On Monday, as long as NQ can stay above 4200, the rally should continue, 4200 level is now becoming key support price level.
 
The next resistance for NQ is 4300