Monday, February 15, 2016

NQ Guideline For Tuesday

A sideways consolidation day in the equity market on Friday but with the US regular market closed on Monday the illiquid globex market was easily ramp up to above resistance for the NQ market.
 
If NQ can remained above 4075 on Tuesday, it is likely to trigger a short-covering rally that could last several days.
 
Key inflection price level for NQ on Tuesday will be 4075.
-- Bullish above 4075 with the first resistance at 4100.
-- Breaking back below 4075 is bearish and could trigger another could of selling, first support is 3900. 
 
These 4 biggest world banks are all in big trouble and likely to go into bankruptcy in not too distance future.