Wednesday, August 22, 2018

NQ Guideline For Thursday

A very choppy rally for NQ on Wednesday. With NQ remaining above support on the 60-minute chart and the daily chart we should see NQ continuing to rally on Thursday as logn as support is not clearly violated.
 
Key support for NQ remains at 7400 on Thursday. And as long as NQ remains above 7400, longer term algos will continue to be on buy mode.
 
Next resistance for NQ is the double-top resistance at 7460