Tuesday, August 28, 2018
NQ Guideline For Wednesday
On Tuesday, NQ opened with a gap-up above prior day high triggering short-covering, but heavy selling and profit-taking activities pushed NQ back down to test breakout support.
Breakout support held all day on Tuesday, but heavy selling kept NQ just above support all day thus created a very narrow range day.
On Wednesday, as long as breakout support price level at 7560 is not violated, NQ should then trend back up again. The next resistance resides at 7625.