Thursday, December 7, 2017

NQ Guideline For Friday (December Contract)

After a quick pullback down to support NQ rallied but failed to break through strong resistance at 6330 which shall remain key resistance to break if NQ is going to go higher to the next resistance price level at 6370-6380 area.
 
Failure to break above 6330 could attract some selling that could overwhelm the buyers, if so first key support is now at 6300. A clear break below 6300 could tank NQ quickly down to the next support level at 6200.
 
Next week FOMC meeting is very important, their decision on interest rate could cause a major move in the financial market.
Image result for fomc meeting