Thursday, June 29, 2017

NQ Guideline For Friday

A large decline for NQ on Thursday morning and into the lunch hour before the afternoon trend reversed the decline and rally half way up, and back above previous triply bottom that was violated in the morning on Thursday.
 
Key inflection price level for NQ on Friday will be 5643.
-- If NQ can stay above 5643 on Friday it should rally back up and up or traded sideways, resistances are 5710 then 5740.
-- Should NQ drop back down below5643 it could attract heavy selling that has the potential to tank NQ down, the lower supports are 5580 double bottom with April pullback low. If that is broken then the next support zone are 5480 then 5450 strong support. 
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