Thursday, March 19, 2020

NQ Guideline For Friday

NQ remains above key support on Thursday, thus was able to rally most of the day, but then sold off into the close.
Image result for wall street panic stock crash
Key inflection price zone is at 7250. Key support on Friday will be at 6950.
-- Trading below 7250 in the morning could see some selling down to key support 6950. As long as NQ can stay above 6950 on any selling, we could see NQ rallying back up to 7250 and then if that breaks, to higher resistance 7500 or higher.
-- A break below 6950 could trigger a liquidation decline to the next lower support level, 6000.