Thursday, May 5, 2022

NQ Guideline For Friday

A huge down day for NQ on Thursday. Whether or not NQ may need to pause to consolidate the sell-off after a huge Thursday sell-off, we just have to see.

NQ may pause and consolidate the huge decline, or simply trend down again just like so many recent Fridays.

Key price level for NQ on Friday will be at 12,700. Sideways consolidation or huge rally if NQ can stay above 12,700, or large sell-off if NQ should break below 12,700 and stay below it. Next lower support is 12,000