Wednesday, April 13, 2022

NQ Guideline For Thursday

 On Wednesday NQ bounced off support and rallied all day back into resistance.

With shortened trading week and with many traders out of the office we could see NQ trading sideways between support 13,870 and resistance 14,275. 

A sustained breakout of the 13,870-14,275 trading range could cause a trending move out of the range. On the other hand a falsebreak out of the range will results in a fast reversal

Intraday inflection price level for NQ on Thursday will be at 14,190, bullish above, bearish below it.