Wednesday, March 18, 2020

NQ Guideline For Thursday

A sideways pattern for NQ on Wednesday, with morning rally, followed by lunch sell-off and the end of day ramp into the close.
 
7000 price level on NQ March futures contract will again be a key price level on Thursday. If it can hold any selling pressure on Thursday we can see rally up to 7550 or all the way to 7800.
 
If 7000 price level does not hold we could see NQ dropping down to the net major support at 6750. Should that does not provide support, the next lower support is at 6000
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