Tuesday, November 14, 2017

NQ Guideline For Wednesday

NQ traded sideways below key inflection price level, 6305, all day on Tuesday. Failure to break back above 6305 could attract selling, with first support at Tuesday swing low, then 6250
 
With General Electric continue sell-off, it could eventually trigger more selling that could tank the stock market. General Electric sold off hard again on Tuesday
Image result for ge
As we approaches the end of November and early December potential cycle top time period look for more choppy price action in the stock market.
 
Key inflection price level for NQ on Wednesday will again be 6305.