Tuesday, December 17, 2019

NQ Guideline For Wednesday

NQ traded in a very narrow trading range on Tuesday as the Fed/PPT continued to try to hold the market up through the Christmas holidays for Trump. If successful we could see the stock market stayed up at or near the high for the Christmas holiday.
 
Key support for NQ going into Wednesday trading will be 8560 *December contract price level.
-- There is not much selling if NQ can stay above 8560. As such, NQ may continue to trade sideways or rally up to another higher high.
-- Trading below 8650 could trigger some selling, but the Fed/PP{T should continue to come to he rescue.