Tuesday, October 1, 2019

NQ Guideline For Wednesday

Attempted rally failed on Tuesday. ISM manufacturing showing a contraction for the first time in ten years. Recession is coming sooner that most think.
Image result for ism manufacturing index slowa
7800 is key level to break to the upside. Failure to break and then stay above 7800 is going to bring in selling especially now that recession is coming.
 
Intraday line-in-the-sand for NQ tomorrow will be 7720.
-- More selling below 7720.
-- Consolidation above 7720