Wednesday, July 18, 2018

NQ Guideline for Thursday

After a large up day on Tuesday NQ traded sideways in a narrow consolidation pattern, setting up a rally day, or a pullback down day on Thursday
 
Key inflection price level on Thursday will be 7400
-- Trading below 7400is bearish, and likely trigger algorithm sell programs over-running the buyers, taking NQ down to supports, first is 7350, then 7335..
-- NQ may attempt to rally if it stays above 7400 as sellers are likely to be less active above 7400.