Tuesday, August 15, 2017

NQ Guideline For Wednesday

On Tuesday, NQ was engineered to opened with a gap-up above 5900 key inflection price level, designed to trigger a short-covering, but instead, was sold immediately, declining back down to 5900 price level which was then serving as support. 
 
5900 would remain as a support level, as 5925 as resistance on Wednesday. A clear breakout of the 5900-5925 trading range could trigger a fast move away from the range, up or down.