NQ Guideline For Friday

With both the Dow and S&P 500 index remaining below key resistance but NQ remains above key support the stock market simply traded sideways in a choppy pattern.

 

This type of choppy price action should continue unless either the Dow and S&P breaks above key resistance, or NQ breaks down below support.

 

Key stock market driver remains the 10-year treasury yield, now remaining above 2.9%. A rally in yield triggers selling and a decline in yield triggers buying algos..