Wednesday, May 5, 2021

NQ Guideline For Thursday

An inside day for NQ on Wednesday. NQ started the day with a huge gap-up open then slowly trend down into the close.

Unless NQ can opened with a huge gap up above 13,540 line-in-the-sand and then triggers a short-covering rally, NQ is set to resume its down trend move, with the next support at 13,300. 

Although 13,300 could provide strong support, NQ could also slice through it on a strong heaving selling activities, with the next lower target at 13,100