Wednesday, December 29, 2021

NQ Guideline For Thursday

NQ traded sideways in a pullback mode on Wednesday, the second consecutive pullback day after breaking out above key resistance at 16,450.

Thursday being the third pullback day, NQ should rally. Key support on Thursday will be at 16,000. A clear break below 16,000 is bearish. Staying above 16,000 implies either more sideways action of rally.