Tuesday, August 14, 2018

NQ Guideline For Wednesday

NQ opened with a gap-up, but selling quickly overwhelmed the buyers. NQ then quickly dropped down to just above key support on the daily chart before rallying back up and closed up at the day high.

Key price zone for NQ on Wednesday will be 7440 support and 7460 resistance.
-- A break out of the 7440-7460 price zone is likely to trigger fast move away from the range. If so, support is again at 7390 and resistance is at 7490.
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