High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
It was day for of the counter-trend bounce, and it was a narrow range choppy sideways type of day. It is either a pause before the next short-covering day, or a topping day before the downtrend resumes.
Key intraday line-in-the-sand for NQ on Friday will be at 11,580, bullish above and bearish below it.
First support for NQ is at 11,525 and if NQ should trade below it, the next support layer is at 11,350-11,400.
Resistance is now at 11,760-11,780.
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.
