Trade Guideline For Wednesday (Nasdaq NQ)

The equity market tends to be bullish going into the long weekend, and it seems this week is no exception, bullish so far (next Monday is a labour day holiday and the market will be closed). Will it continue to be bullish into Friday only time will tell. But  the markets are approaching strong resistance area. For NQ strong resistance resides around 2270-2275.

For Wednesday key support for NQ is 2210-2220 area.

• Above 2210-2220 NQ should continue to rally towards resistance.
• Below 2210-2220 NQ is likely to drop down to 2180-2190 area.