Wednesday, April 6, 2022

NQ Guideline For Thursday

A huge opening gap-down below key support level for NQ on Wednesday. It then trend down to key supports at 14,450 before spending the rest of the day trading sideways above support.

Key support levels for NQ on Thursday will be at 14,450, then 14,350 and 14,250. These levels are very strong support, provided by prior swing high on the daily chart.

Prices from 14,250 to 14,450 are very strong support. If NQ should break below then here is no support until 13,380. 

If NQ can stay above 14,250-14,450 support zone we could either see a rally back to 14,700-14,800, or just trade sideways between support and resistance 14,720