Tuesday, February 27, 2018

NQ Guideline For Wednesday

A down day in the stock market on Tuesday even as the new Fed Chairman testified before congress.
Image result for jay powell fed chairman testify before congress
On Monday, NQ rallied to just below its recent record high. Then sold off on Tuesday without first breaking above its recent high, a bearish sign if the decline continued.
 
With no meaningful support until 6700 the decline could get ugly if it continue lower on Wednesday
 
Strong support is 6700 and key resistance to break is its recent high at 7030