Wednesday, February 19, 2020

NQ Guideline For Thursday

NQ opened with a huge gap-up on Wednesday. After rallying in the morning NQ then spend the rest of the afternoon trading sideways, setting up another rally leg on Tuesday morning or pullback down to lower level in the morning before rallying back up again.

Key price level for NQ in the morning is at 9735.
-- NQ will have bullish bias in the morning if the open is above 9735.with first upside target above Wednesday high.
-- Opening and trading below 9735 implies NQ may need to pullback down to lower level before rallying back up again. If so, the first support is at 9720. Should that break, the next lower support is at 9655-9665