NQ Guideline For Fridsy

NQ traded sideways in a very narrow range on Thursday. The pattern of narrow range may continue until next week as Friday tends to be a choppy day. Current trading range is between 10,500 - 10,625

 

-- A clear break below 10,500 target lower support at 10,350

-- A clear break above 10,625 target 10775 resistance.

 

-- NQ needs to clearly break below 10,300 to cause a large crash

-- NQ needs to clearly break above 10,750 to cause a large short-covering rally to 11,050