Wednesday, April 11, 2018

NQ Guideline For Thursday

Another sideways trading pattern for NQ on Wednesday, trading just below several layers of strong resistance, staring at 6675 - 6680 then 6765.
 
NQ needs to clearly break above 6765 for the shorts to starts to cover. As long as NQ remained below 6765 any rally will continue to get sold.
 
Short term support is now at 6500 for selling to intensify, Above 6500 NQ should continue to chop around .
 
President Trump troubles at home makes him more determined to launch airstrikes on Syria and  ratcheting up his trade war rhetoric against China in order to deflect attention from his various troubles at home.
 
Any of his reckless actions could cause stock market crash.
Image result for trump wants to strikes on syria