Friday, September 8, 2017

NQ Guideline For Friday (September Contract)

After testing 5950 support in the morning on Thursday NQ then rallied up to 5980 minor resistance before dropping back down to 5950 support again.
 
On Thursday 5950 is again key support, with first resistance at 5980.
-- Staying inside the 5959-5980 trading range implies more consolidation sideways action on Friday.
-- A sustained breakout of the trading range is going to trigger a fast move out of the range, higher resistance is at 6000, lower support are 5900 then 5880.
 
A powerful category 4 to 5 hurricane Irma is expected to hit Florida this weekend.
Image result for hurricane irma