Tuesday, September 26, 2017

NQ Guideline For Wednesday

NQ traded sideways on Tuesday between 5870 support and 5915 resistance , then closing in the middle of the trading range.
 
For Wednesday, if NQ is not able to rally clearly above 5915 resistance, selling could come back into the market, with first support at 5870, then 5835.
 
Should 5835 not hold the decline, more selling could come in and tank the market hard, lower support is at 5750.
 
A break-back above 5915 could trigger some short-covering rally, next resistance is 5960.