Thursday, September 28, 2017

NQ Guideline For Friday

On Thursday NQ opened with a gap-down, then after closing the gap in the morning NQ simply traded sideways in a narrow range into the close. NQ is now sandwiched between 5920 support and 5960 resistance.
 
The closing price was just above key support of 5920,
-- For Friday, as long as NQ can remain above 5920 it is likely to rally, and the first resistance is at 5960.
-- Trading back below 5920 is bearish, and is going to attract sellers, first support is at 5900. If that does not hold then the next support is at 5840.