Wednesday, November 7, 2018

NQ Guideline For Thursday

A large up day in the market on Wednesday with NQ opening with a gap-up above prior day high then rally up all day into the close.
 
Key support on Thursday will be 7180.
-- Trading above 7180 in the morning implies NQ will continue to rally without a pullback. Next resistance is 7350.
-- Trading back below 7180 in the morning on Thursday implies NQ is going into a consolidation mode to setup another trending up day, likely on Friday. Consolidation downside target will be 7125
Image result for post mid election stock market rally