Thursday, August 20, 2020

NQ Guideline For Friday

A large rally day for NQ on Thursday with the morning low a perfect test of prior swing high. With the close at the day high and NQ in overbought condition on several commonly followed time frame we could see a sideways consolidation day on Friday.
 
Consolidation support for NQ on Friday will be between 11,380 to 11,400.
-- And as long as 11,380 is not violated we should see a sideways consolidation, NQ making a new high in the morning or in the afternoon.