Thursday, May 27, 2021

NQ Guideline For Friday

Another choppy and narrow-range trading pattern for NQ on Thursday, trading just below strong resistance, and not able to break above resistance.

NQ either has to break down to support to get it out of the current narrow trading range, or breakout above resistance and trigger short covering. It could happen tomorrow, but it does not need to happen especially on Friday when market tends to be choppy.

Support is 13,670, and resistance is 13,720, a 50-point range.