On Thursday, NQ opened with a gap-down below Wednesday's low and trend-down to August 24th swing low, forming a double-bottom, then consolidated the rest of the day. With Ben Bernanke set to give his speech at the Jackson Hole economic conference on friday morning, anything can happen, and it may or may not move the market.
Key level For Friday is 2755.
- Above 2755 implies more consolidation, with first resistance at 2750.
- Bearish below 2750, with first support at 2743.
FT Pivot Levels
R1= 2767.25
FTP = 2758.75
S1 = 2745.75
Ben Bernanke is set to give his speech at the Jackson Hole economic conference on Friday morning, and it may or may not move the market.
