Thursday, August 25, 2022

NQ Guideline For Friday

NQ managed to rally on Thursday as the shorts take profit and cover ahead of the Fed annual Jackson hole meeting this weekend.


As long as NQ remains above 12,850 strong support we could see NQ trading sideways or rally further to retrace the high, likely trget is around 13,500.

If the rally is choppy it should then be followed by a sharp drop that will break below 12,850.