Wednesday, February 16, 2022

NQ Guideline For Thursday

On Wednesday NQ opened with a small gap-down and then quickly dropped down to support. NQ then spent most of the morning session and lunch period and early afternoon session trading sideways just above support before rocketing back up after the release of the Fed minutes.

In after hours trading NQ has dropped back down to support. at 14,470. If NQ should break below 14,470 the next lower support is at 14,400. If that should break then we could see some heavy selling.