Thursday, April 12, 2018

NQ Guideline For Friday

NQ continued its choppy rally, now starting to push into several resistance layers, 6675 prior swing low, 6680 20-DMA on daily chart, 6725 the 1:1 drive, and 6760 the 50-DMA on the daily chart.
 
Any of the above resistance could send NQ back down. With Friday pattern normally displaying a choppy sideways pattern as traders balance their books ahead of the weekend, look for the market to be choppy on Friday unless buying algorithm is able to push it above resistance in a sustained fashion
 
Trump determination to g to war is going to continue to influence the short term market action.
Image result for trump syria war