Wednesday, April 26, 2017

NQ Guideline For Thursday

Not much happened in the stock market on Wednesday. NQ simply traded sideways, traded down to short-term intraday support at 5535, which would serve as key inflection price level for NQ on Thursday.
 
-- A break below 5535 could take NQ lower to the next support level at 5520.
-- Remaining above 5335 implies either more sideways trading pattern or another rally up to another higher high.
 
April 28th remains a date for potential US government shutdown if no agreement is made for some temporary funding agreement.
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