Wednesday, May 6, 2020

NQ Guideline For Thursday

After a trending day on Tuesday NQ traded sideways in a choppy and narrow range consolidation pattern. Once consolidation ends, we could see a trending move, the direction depends on where NQ trades in relation to key LIS of 8940.
 
Key inflection price level for NQ on Thursday will be 8940.
-- Bullish bias above it, with upside targets at 9040, then 9140
-- Bearish below, with first downside target at 8840, and 8740..