Wednesday, May 12, 2021

NQ Guideline For Thursday

Another bearish day in the equity market on Wednesday, with NQ closing near the low of the day, a bearish close for NQ on Wednesday.

Normally this type oif day would be followed by a sideways consolidation day. However, the current market condition is not normal, so anything is possible.

As such, we can either get a consolidation day on Thursday, or another down day on Thursday.

Key line-in-the-sand for NQ on Thursday will be at 13,100, bullish above it, first resistance is at 13,100 and bearish below it, next support for NQ is at 12.800