Thursday, November 29, 2018

NQ Guideline For Friday

As expected, following a large rally on Wednesday, Thursday was a sideways consolidation type of day, with some selling in the morning followed by a slow rally.
 
With Friday tending to be choppy, we could see another sideways choppy day on Friday.
 
Key inflection price level for NQ on Friday will be 6900.
-- Trading above 6900 should keep selling under control, next upside target is a break above Thursday swing high.
-- Breaking below 6900 is going to trigger some selling. If so the first support is at 6840. 
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