Thursday, September 17, 2020

NQ Guideline For Friday

A big gap-down for NQ on Thursday with afternoon reversal.

The reversal should continue up to the 200-ma resistance on Friday, as long as the open is abovve 11,050, line-in-the-sand on Friday.

With Fridat tending to be a sideways pattern, I am looking for NQ to trade between Thursday low at 200-ma resistance on the 5-minute chart.

Shoud NQ trade below Thursday low, we could see a real crash.