Wednesday, January 19, 2022

NQ Guideline For Thursday

NQ trend down on Wednesday but started out with a sideways price action until the buyers get overwhelmrd by selling.

On the daily chart, NQ is in overbought zone on Wednesday with the low sitting at 200-moving average on the daily chart. NQ can easily crash through it on Thursday or bounce before crashing through it.

Key price level for NQ on Thursday will be at 15,000, bullish or just sideways action above it with the first resistance at 15,220. NQ would have to be very bearish to break and trade below 15,000