Thursday, April 19, 2018

NQ Guideline For Friday

A pullback down day for NQ on Thursday but with NQ solidly trading above support, with most algorithm in buy mode, selling remained under control.
 
Tomorrow is Friday and Friday tends to be a choppy sideways type of day. Unless NQ clearly break out of its trading range, 6720 support and 6800 resistance, look for NQ to trade sideways.
 
Heavy selling continue to keep a lid on any rally. Trump trade war and shooting war is going to drag the global economy into a recession much sooner than otherwise.
Image result for trump trade war