Thursday, August 19, 2021

NQ Guideline For Friday

NQ opened with a huge gap-down  on Thursday but immediately rallied closing the gap and then broke through all the resistances before pulling back down and then close at the neutral price level, 14,950, which will serve as inflections price level for Friday.

Unless we get market moving new before the open on Friday, we could see NQ trading in a choppy narrow-range all day simply because Friday tends to be choppy. If so, first resistance is 15,040, and support at 14,840.