Wednesday, October 2, 2024

NQ Guideline For Wednesday

A large down day for NQ on Tuesday. The sell-off should continue on Wednesday with the next support at 19,700 and likely to go down to at least 19,370 if 19,700 support is broken.

The port worker union strike that started on Tuesday is very bearish for the economy and if not resolved could cause a massive stock market crash as it would crashes trhe US economy and drag globall economy down.

Should the strike be settled soon we could see a massive knee jerk reaction rally.in the stock market.