Tuesday, April 7, 2020

NQ Guideline For Wednesday

A huge opening-gap up on Tuesday, but was sold aggressively, a large down day for NQ on Tuesday.
 
NQ closed at critical support level, prior swing high. From here, NQ either bounce or crash down through it on Tuesday. Breaking below it implies wave c rally on the daily chart has likely ended, with confirmation coming on a break below Monday swing low.
 
Thus key support for NQ on Wednesday will be 8000 with first resistance at 8150
-- Below 8000, first key support is 7650
 
Bear market might resumes
How to Invest in This Bear Market