Tuesday, February 18, 2020

NQ Guideline For Wednesday

After trading sideways mostly below broken key support-turned resistance at 9620 NQ finally broken clearly above 9620 which now will serve as key support for trading on Wednesday.
 
NQ has traded higher during globex trading session Tuesday night. If the open with a big gap above Tuesday high we could see a pullback down to retest Tuesday high before going back up and trend up..
 
If it break-back below Tuesday high on a re-test, it implies a movement down to 9620 key inflection price level
 
If prior day high held as support on a re-test we should see a trending up day on Wednesday