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