Thursday, July 26, 2018
NQ Guideline For Friday
NQ traded sideways in a narrow range on Thursday as 7390 continued to provide strong support despite being dragged down by massive selling in Facebook stocks. NQ was squeezed between 7390 support and 7435 resistance all day on Thursday.
For Friday NQ support is now 7400 and resistance is 7435.
-- A breakout of the 7400-7435 range could cause a sharp movement out of the range.
-- A failed breakout will cause a sharp and fast reversal