Thursday, March 30, 2017

NQ Gudideline For Friday

With Friday notorious for trading in a choppy sideway fashion, unless NQ can breakout above resistance or breakdown below support in a sustainable manner, look for NQ to false break and then reverse to test the opposite support/resistance.

Trading range for NQ on Friday will be 5425-5447, with 5425 as support and 5447 as resistance, and inflection price zone at 5440.

Both the S&P 500 and the Dow are currently still trading below their respective swing high while NW on Thursday broke above its recent high, making a new higher-high.