Tuesday, July 10, 2018

NQ Guideline For Wednesday

NQ traded sideways in a very narrow trading range on Tuesday, just below resistance at 7335 which was June 20th swing high.
 
Without heavy buying by the Fed to push NQ above 7335, double-top selling may push NQ back down to support before reattempting a breakout above the 7335 swing high.
 
Key short term, 5-minute price inflection level for NQ on Wednesday will be 7300
- First support is 7270, then 7230, then 7160-7180 price zone.