Wednesday, August 21, 2019

NQ Guideline For Thursday

-- NQ daily trend = Down
-- NQ 60-minute trend = Up
-- NQ 5-minute trend = Up
 
Not much happened on Wednesday. Tuesday night buy programs cause a big gap-up on for NQ on Wednesday, but without other buyers participating, NQ simply traded sideways all day on Wednesday.
 
Key resistance for NQ on Thursday will again be 7550
-- Bearish below
-- Bullish above
 
Ahead of Fed Chairman speech on Friday the Fed is very likely going to continue to buy the stock market to keep it up
Image result for fed chairman