Tuesday, July 28, 2020

NQ Guideline for Wednesday

A narrow-range sideways consolidation day for NQ on Tuesday. It was also an inside day, a setup for potential breakout day on Wednesday.Key breakout price level for NQ on Wednesday will be at 10,510 support and 10,680 resistance.
 
Trading outside those price levels should trigger a trending move out of the range, in the direction of the break. It is also a potential set up for a false-breakout of the range. If so, the reversal will be fast and large.
 
10,510 Support
10,680 Resistance