High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
11,500 remains a very strong support level. On Wednesday NQ opened with a huge gap-down to just above 11,500 and then bounced very sharply.
It seems that the market may be waiting for reports before the the next leg down on the current bear market resumes.
For Thursday key price level to watch is at 11,700 support and 11,850 resistance. A clear breakout of the 11,700- 11,850 zone is likely to trigger a move to the next level.
Next resistance is at 12,000, and the next support is at 11,500
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
