Tuesday, June 9, 2020

NQ Guideline For Wednesday

Short-squeeze in NQ continue on Tuesday. NQ rallied most of the day with a small end of day profit-taking decline near and into the close.
 
Whether or not NQ would need a pullback on Wednesday will depend of where it opens in relation to its line-in-the-sand on Wednesday.
 
Line-in-the-sand for NQ on Wednesday will be 9970.
-- Rally is going to continue above 9970.
-- NQ is in pullback mode below 9970.
 
Wednesday is FOMC day
Markets Focused on U.S. Presidential Meeting and FOMC