Thursday, September 13, 2018

NQ Guideline For Friday

On Thursday NQ opened with a gap-up above prior day high, a breakout day, and then run-up before consolidating for most of the day, setting up another rally leg for Friday before pulling back down or trades sideways.
 
Key price level for NQ on Friday will be Thursday's swing high.
-- Trading above Thursday high in the morning implies NQ should rally up before pulling back down.
-- Staying below Thursday low implies NQ is still in consolidation mode, and especially more so with Friday's tendency to trade sideways.