Friday, March 11, 2022

NQ Guideline For Friday

NQ traded sideways on Thursday , the second consolidation sideways day after the big drop down to retest the February 24th low.

With Friday tendency to get choppy, we could see NQ trading sideways on Friday, being the third consolidation day, setting up a big down move next week if NQ is not able to trade back above 14,000 price level. Trading abck above 14,000 is going to imply further rally.

Key support will again be at 13,000 and key resistance at 14,000.

On the intraday time-frame for Friday, key inflection price zone is at 13,500, with resistance at 13,650, and 13,740. support is at 13,300