NQ Guideline For Wednesday

NQ opened with a gap-up and in breakout mode, and rally until the afternoon when it eventually reverse very sharply back down.

 

The afternoon decline should continue into tomorrow morning to retest the breakout level, 10110-10145 zone. As long as 10110-10145 now acting as support hold on any decline to it, the rally should resume.to higher high.

 

A break below 10110 is very bearish as it could lead to heavy selling, tanking NQ down to 10020 or all the ways down to 9940