Thursday, September 17, 2015

NQ Guideline For Friday

The market spike up and down right after the release of the FOMC decision on Thursday with NQ closing near the low of the day, setting up a bearish close. But with a highly manipulated market with the Fed actively in the market supporting the market, anything is possible.

If the end of the day bearish momentum continues on Friday lookf for another down day for NQ on Friday. To do so, NQ should stay below 4375. The next support is 4340.

Staying above 4375 implies NQ may go back up to resistance

FOMC reactions: Bond and Bullion Rip, USD Dips, Stocks Slip