Tuesday, October 20, 2020

NQ Guideline For Wednesday

11,600 remains a very strong support level being previous swing high from October 01. Just slightly below 11,475 and 11,550 was swing highs from September 10 to October 08, thus provided very strong support..

These 6 States Will Determine the 2020 Presidential Election - YouTube

As such, a clear break below those zone has the potential to cause massive selling, with the next support at 11,100-11,200.

With the election coming up soon, President Trump is likely to forced the Fed to pump in massive liquidity into the system, thus keeping the market up for the election. 

Key line-in-the-sand for NQ on Wednesday will be 11,710, bullish above bearish below  it.