Wednesday, August 16, 2017

NQ Guideline For Thursday

After successfully breaking above 5925 resistance on Wednesday triggering strong short-covering rally, it was met with massive selling that overwhelmed buyers, sending NQ back down below 5925 then support.
 
NQ is currently back inside the 5900-5925 trading range, which will be the key price levels on Thursday.
-- A brebreak back above 5925 could trigger another round of buying.
-- A break below 5900 is likely to attract another round of intense selling, with the next lower support at 5860, then 5800.