Wednesday, June 6, 2018

NQ Guideline For Thursday

After pulling back down to support in the morning buy programs was again triggered to keep the uptrend alive, particularly ahead of the G7 meeting this weekend in Canada.
Image result for g7 meeting 2018
With NQ making a new high at the end of the day on Wednesday buy programs is likely to get active overnight to trigger a gap-up opening to force short sellers to cover their short positions, rocketing the market higher.
 
Key support for NQ on Thursday is 7190
--Rally continues above 7190.
-- Larger pullback expected on a break below 7190