Thursday, July 18, 2019

NQ Guideline For Friday

Daily Trend = Up
60-min Trend = Neutral
5-minute Trend = UP
 
On Thursday NQ trend down to first support zone 7840-7850 zone before rallying abck up, breaking above resistance at the close.
 
With Friday tending to be range-bound sideways trading pattern, we could see a typical Friday pattern tomorrow.
 
Key intraday line-in-the-sand on Friday will be 7930
-- Bullish above it, and could rally to break above Monday high before pulling back down.
-- Bearish below 7930, first support is at 7900, then 7870 and 7845