Wednesday, September 25, 2024

NQ Guideline For Thursday

Another very narrow-range choppy consolidation pattern for NQ on Wednesday. Overnight NQ has rallied over 200-points from the close.

If the rally can stay at current level into the regular session trading hours we could see a large gap-up open that is then followed by a trend up. If so w3e could see a huge rally on Thursday.

A normal target for the rally would be around 20,900, double-top July swing high.

Trading back below 20,200 is bearish.