Thursday, May 5, 2016

NQ Guideline for Friday

Another sideways consolidation above 4300 well defended key support price zone on Thursday. However, with the release of the monthly employment report on Friday, and after five consecutive day consolidation above 4300 level, NQ may be ready to move away from the 4300 price zone,  moving away upwards or downwards.
 
For Friday, 4300 remains the key support price level for NQ. A clear break could cause liquidation decline. Remaining above 4300 could produce either another sideways price action, or a rally if it can trigger some end of the week short-covering.