Thursday, October 10, 2019
NQ Guideline For Friday
Tweets by Donald Trump regarding China trade deal was used as an excuse by Trump's minions to trigger buy programs right at the opening bell on Thursday.
The early morning engineered rally never gain any traction as the 7800 strong resistance was again sold very aggressively, tanking NQ back down to its 200-ma on the 5-minute chart, now support, before bouncing back up. It was a sideways consolidation pattern for NQ.
Key intraday inflection price level for NQ on Friday will again be 7720
-- Bullish above it, strong resistance is still at 7800.
-- Bearish below it, with supports at 7650, then7600