Thursday, December 5, 2019

NQ Guideline For Friday

NQ traded sideways for the second day in a row on Thursday, still digesting the big downmove from Monday and Tuesday large selloff days.

With Friday tendency to be choppy, we could see another choppy consolidation day on Friday, setting up a large down day on Monday.

Key support for NQ on Friday will be 8290.
-- Staying above 8290 on Friday implies choppy sideways or a rally.
-- Trading below 8290 could trigger some selling. However, to get a trending move on Friday the markets needs some unexpected market moving news.