Thursday, December 12, 2019
NQ Guideline For Friday
Ahead of President Trump impeachment vote and the China trade deal, the PPT has gone nuts with buy programs, which is expected to continue on Friday.
Key support on Friday for NQ will be 8410.
-- As long as NQ remains above 8410 the buy programs should continue to be in control.
-- NQ will nerd to break below the key 20-dm,a on the daily chart, now sits at 8350 for selling to get out of control.
Keep in mind that the market tends to trade sideways on Friday