Thursday, January 28, 2021

NQ Guideline For Friday

On Thursday NQ rally back up to resistance,in the morning then drop down in the afternoon.

So far, overnight during globex trading session, the decline has continued down. Where it opens tomorrow is key to trend direction. Key level to break is at around 13,000.

A clear break below 13,000 is an indication NQ is going to break below Wednesday swing low, down to 12,800 area.

If it can stay above 13,000, we could see the typical Friday choppy sideways trading pattern, and to confirm that, we want to see NQ trading abck above 20-ma on the 5-minute chart