Wednesday, October 30, 2019

NQ Guideline For Thursday

Wednesday trading and the next several days trading actions is going to be driven by the Fed, as such is likely to be either choppy sideways or bullish as the Fed continues to manipulate the market higher.
 
Key price level to use for Thursday's trading will be 8120.
-- If they can push NQ to trade above 8120 we could see NQ move higher on Thursday.
-- Failure to breakout above 8120 could rigger some selling, but key support is now at 8070. A clear break blow 8070 could cause more selling
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