Tuesday, February 25, 2020

NQ Guideline For Wednesday

Another very large down day for NQ on Tuesday as it broke below its 50-day moving average on the daily chart.
 
The next strong support is the 200-day moving average on the daily chart, now at 8190, at about 600 points lower.
Image result for stock market crash alert
Key line-in-the-sand tomorrow is 8940
-- Above 8940 we could see NQ rallying up to 9040, or all the way to 9100.
-- Bearish below 8940, and the next major support is at 8190.