Tuesday, June 16, 2020

NQ Guideline For Wednesday

The stock market had a rally on Tuesday, with a huge gap-up open, and a second rally day following a sharp 2-days pullback down move last week.
 
Tomorrow will be a key day in that we have a fifty percent chance of a rally day and a 50 percent chance of a sell-off day.
 
Key inflection price level for NQ on Wednesday will be at 9950, bullish above it and bearish below it.
-- Key support is 9800. A clear break below it could cause a liquidation decline.
-- Key resistance is last week Wednesday swing high, a break could trigger some short-covering spikes.