Wednesday, April 22, 2020

NQ Guideline For Thursday

NQ is clearly still in up-trending mode on the daily chart.
 
As expected on Wednesday, we have the follow-up rally from the bounce off the 50-ma on the daily chart on Tuesday.
 
The rally should continue on Thursday as long as NW pullback down move can stay above 200-ma on the 5-minute chart, at 8575 and the 1:1 pullback down move at 8560
 
Next resistance is 9000, a key price level to break.