Tuesday, November 3, 2020

NQ Guideline For Wednesday

On Tuesday, massive buy programs likely by the Trump administration ahead of the election pushed NQ up above resistance. It then dropped back down to etest broken resistance,11,200, now support.

Overnight on Tuesday night, NQ has already rallied over 400 points from the close. Things could change drastically by the morning depending on the election result. 

The line-in-the-sand will remain at 11,200 acting as support for Wednesday, with key resistance at 11,600.

Election result will determine the direction of stock market on Wednesday.