Wednesday, July 5, 2017

NQ Guideline For Thursday

NQ dropped down to double-bottom support on Monday then bounced off double-bottom support on Wednesday, an up day for NQ on Wednesday
 
Key support for NQ on Thursday will be 5643.
-- If NQ remains above 5643 on Thursday it is likely to continue to rally to the next resistance at 5710. Failure to clearly break above 5710 could attract heavy selling that could send NQ back down to re-test its double bottom support.
-- Trading back below 5643 on Thursday is an indication sellers are back in control that could send NQ back down to re-test double bottom support.