Thursday, October 14, 2021

NQ Guideline For Friday

A huge gap-up open for NQ on Thursday and then trend up all day as short sellers were forced to cover. With Friday price action tends to be choppy, we could see a choppy day on Friday.

If NQ should continue to push higher on Friday and causes more shorts to cover, we could see NQ  continuing its Thursday uptrend with strong resistance zone between 15,150-15,250

With earning season in progress, anything is possible, depending on who is going to reports tomorrow and what will be their result be.

Key inflection price level for Friday will be at 15,030