Tuesday, November 19, 2019

NQ Guideline For Wednesday

Another choppy and barrow range trading session for NQ on Tuesday as it continued to nake a higher high under overbought condtion on the daily chart.
 
The momentum on the daily timeframe has really slowed down and mat be ready for a larger pullback down support.
 
Key intraday Line-in-the-Sand for NQ on Wednesday will be 8325.
-- NQ has now traded down below 8325 in after hours trading, and if it opens below 8325 on Wednesday we could see some selling that could tank NQ down to lower supports at 8300, 8280 and 8240.
-- Trading back above 8225 implies choppy and sideways trading action for NQ on Wednesday