Thursday, June 8, 2017

NQ Guideline For Friday

NQ traded sideways again on Thursday. On Friday NQ may continue to trade sideways as Friday tends to be a sideways choppy type of day or if the Fed would trigger a big buy program we could see a big up day on Friday.
 
Key inflection price level for NQ on Friday will be 5875.
-- If NQ is going to rally on Friday it needs to stay above 5875.
-- Breaking back below 5875 is an indication NQ may just continue to trade sideways, or sell-off hard.
 
Sears just announced it is closing 66 more stores
Image result for sears closing stores