Wednesday, August 17, 2022

NQ Guideline For Thursday

A pullback down day for NQ on Wednesday. Whether or not this is going to turn into a 2 to 3 pullback day will depends on the strength of the current short-covering rally.

I am still expecting a 2 to 3 pullback down day followed by a push to higher high, 14,000 or so before topping and rolling over to resume its bear market.

Key intraday inflection price level for NQ on Thursday will be at 13,500, bullish above it, and bearish below it.