Tuesday, December 10, 2019

NQ Guideline For Wednesday

NQ traded sideways on Tuesday still hovering about key 20-dma, 8330, on the daily chart, now still acting as key support.

On Wednesday the 20-dma on the daily timeframe will serve as key support. A break below could trigger heavy selling, with he next major downside target remaining at 8100.

On the intraday basis, key inflection price level for NQ will be at 8380, bullish above it, bearish below it.