Thursday, May 9, 2019

NQ Guideline For Friday

On Thursday NQ opened with a huge gap down to below prior day low triggering sell programs tanking it down to below 50-ma on the daily chart, 7500, before it bounced and reverse back up to close at the high of the day and at key resistance price level, the 200-ma on the 5-min chart.
 
On Friday key price level will be the 200-ma on the 5-minute chart which as of Thursday's closing price was at 7810, bullish above and bearish below it.
 
President trump tweets about trade negotiations with China should play key role for the market direction on Friday
.Image result for president trump trade war tweet