High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
It was a down day for NQ on Wednesday, even as NQ continued to trade above strong support at 12,200 area.
Key support is now at 12,250. As long as NQ remains above 12,250 NQ could continue to trade sideways or rally if the shorts decided to take profit and cover their shorts.
The price action from Tuesday and Wednesday is indicating an imminent break below 12,500 support zone. If so, and if NQ can get a sustained break below 12,250 we could see a rush of heavy selling.
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.
