Thursday, March 20, 2025

NQ Guideline For Thursday

There was a small rally after the FOMC policy announcement that spiked NQ slightly above its key resistance 20,100, likely from investors closing their hedges. However, NQ dropped back and close below 20,100

As long as NQ remains below 20,100 NQ remains bearish.

On Thursday if NQ can break and push higher above 20,100 we could see sharp short-covering rally. The next strong resistance is not until 21,000, that's a 900 points move, which could take 2 to 3 days to get there.