Wednesday, November 4, 2015

NQ Guideline For Thursday

NQ traded sideways all day on Wednesday but with a slight bearish bias. NQ closed in the middle of the trading range, but above key support price level at 4700, setting up for a rally day on Thursday as long as NQ can stay above 4700.

However, if NQ is not able to stay above 4700, a break below 4700 is bearish and setting up another down-leg. If so the next support is 4680.