Wednesday, August 10, 2022

NQ Guideline For Thursday

After just two pullback-down day NQ opened with a huge gap-up on Wednesday and then basically trade sideways for the rest of the day.

The upside target for the current short-covering rally is still at 14,000 before the rally run out of momentum..

Depending on where NQ would open and trade on Thursday, we cou;d see another up day as thes short-sellers continue to be forced to cover.

Key intraday inflection prce level on Thursday will be at 13,350, bullish above, and bearish below.