Thursday, August 27, 2020

NQ Guideline For Friday

As expected NQ traded sideways on Thursday following a large trending up day on Wednesday.
 
With Friday tending to be a choppy sideways type of day, we could see another day of sideways pattern.
 
NQ would have to opens outside Thursday trading range to trigger a trending day or a fast reversal day
 
11,950 will be a key line-in-the-sand for NQ on Friday.
-- Bullish bias above it, upside target is above Thursday high.
-- Bearish bias below it, with downside target at either the 200--ma  or below Thursday low