Tuesday, January 8, 2019

NQ Guideline For Wednesday

Another narrow range choppy sideways trading pattern for NQ on Tuesday, with a gap-up opening followed by a drop down to support before rallying back up again
 
Currently, NQ is still in short term bullish mode above 6460. However, it is now bumping up into several resistances thus the slow rally
 
Intraday inflection price level for NQ on Wednesday will be 6540.
-- NQ is in a bullish mode above 6540, with the next target will be a rally to above Tuesday high.
-- Trading below 6540 implies NQ is going to drop down to support at 6460 price zone before rally back up again, that is, a long as 6460 is not clearly violated.