Thursday, December 14, 2017

NQ Guideline For Friday

As usual, after making a higher high soon after the open on Thursday, selling came but on Thursday selling was heavier than usual, and all the major indices close down for the day.
 
NQ dropped down below key support level, which is at 6420 for Friday.
-- Without rallying back above 64520 on Friday selling could be back, If so supports are at 6365 and 6350.
-- Trading back above 6420 is an indication it is going for a higher high before selling come back in.
 
As always, be on a lookout for the usual Friday trading pattern, a sideways consolidation pattern as traders balances their books ahead of the weekend.