Tuesday, November 17, 2020

NQ Guideline For Wednesday

 A choppy narrow range day for NQ on Tuesday. Without a catalyst to knock the market out of balance, we could see another narrow-range choppy day on Wednesday.

Key line-in-the-sand for NQ on Wednesday is the 200-ma on the 5-min chart. NQ dould need to11,900 to cause run-over trailing stoploss for the bulls. Until then, NQ can continue to trade sideways in a narrow trading range.