Wednesday, August 31, 2016
NQ Guideline For Thursday
Another choppy day in the market on Wednesday. NQ violation of 4760 support was quickly bought as the Fed would like to see the market rally ahead of the long labour day weekend. However, without lack of buyers may cause the market to remain choppy.
Key inflection price level for NQ on Thursday remains at 4780.
-- Selling should remains under control if NQ is able to trade back above 4780.
-- NQ should remains choppy below 4780 but above 4760 support.