Wednesday, November 13, 2019

NQ Guideline For Thursday

Another choppy narrow range trading action for NQ on Wednesday, clearly indicating the rally momentum on the daily timeframe is slowing down and looks ready to pullback down.
 
Key support for NQ on Thursday will be 8240.
-- A break below 8240 could trigger a round of algos sell programs on the 60-minute timeframe. If so the next strong support is at 8160 then 8130 area. 
-- Staying above 8240 implies more choppy sideways price action