Thursday, May 26, 2016

NQ Guideline For Friday

A very narrow-range very low volume sideways consolidation day in the market on Thursday, the second day in a row, as the only buyer is likely just the Fed holding the market up ahead of the long weekend.
 
On Friday, with most traders out of the market for the long weekend holidays, it is likely to be another choppy narrow range day again, unless of course some buy programs would come in from nowhere.
 
Key price level for NQ on Friday will be 4500 resistance. and key support will be 4470
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