Wednesday, July 7, 2021

NQ Guideline For Thursday

NQ opened with a huge gap-up on Wednesday and quickly sold off as usual in the morning. Buyers came in but was not able to push it into higher high. NQ close in the middle of the day range, setting up for a high probability sideways trading action on Thursday.

Intraday support for NQ on Thursday will be at 14,750, with intraday resistance at 14,850, a 100 points trading range. NQ would have to clearly break out of the range and stay out of the range to cause a trending move.