Thursday, September 24, 2015

NQ Guideline For Friday

NQ opened with a huge gap-down and after trending down to 4200 support in the morning, rallied back up to close the gap before pulling back down a little bit near the close.

For Friday, as long as NQ can stay above 4200 support look for NQ to either trade sideways or rally up to the next resistance 4300.

Though unexpected, breaking below 4200 is likely to trigger major algo sell programs, next support is 4100.