Monday, February 1, 2016

NQ Guideline For Tuesday

Another up day in the market on Tuesday as shorts continued to get squeezed and forced to cover. The up trending pattern should continue with the next upside target at 4400 for NQ
 
However, before moving up to that target, NQ may need a pullback down to 4240 - 4250 area before moving up to 4400, as long as pullback down move does not get out of control and clearly break  below downside target and key support. 
 
Key support zone for NQ on Tuesday will be 4240 - 4250 area.