Thursday, May 17, 2018
NQ Guideline For Friday
Buy programs triggered right at the open pushed NQ up into 6960 resistance on Thursday morning, but failed to take it out which attracted short sellers who pushed NQ down to just above 6860 support before rallying up into the close. NQ then close near the open creating a doji type of day.
6960 would remain as key resistance for NQ on Friday and 6860 as key support.
-- As long as NQ remains inside the 6860 - 6960 price range NQ should continue to trade sideways.
-- A clear and sustained break out of the range could cause a trending move in the direction of the break