Another narrow range up day for NQ on Wednesday as it continue to rally into major resistance at 6700, the 50-dma on the daily chart and also at trend-line resistance. As such, we could see heavy selling on Thursday and into Friday morning.
Key inflection price zone for NQ on Thursday will be at 6620.
-- Trading below 6620 is going to trigger some selling activities, with first target at 6560.
-- Should 6560 get violated to the downside, we could see another round of selling, with lower support at 6460.
-- Strong support is not until 6400
-- Trading above 6620 is bullish with the next resistance at 6700, the 50-dma on the daily chart and also at trend-line resistance.
U.S. President Donald Trump stalked out of a meeting with congressional leaders Wednesday as efforts to end the almost 19-day partial government shutdown fell into deeper disarray over his demand for billions of dollars to build a wall on the U.S.-Mexico border
