High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
A sharp profit-taking rally for NQ on Thursday. With the market so deep in oversold when the rally started on Thursday we could see a pullback rally that could last three to four days or seven to ten day, we shall see.
For Friday, key inflection price level will be at 11,150, resistance as of Thursday close but if NQ could trade above 11,150 and then stay above it we could see more profit-taking short-covering rally, with the next resistance at 11,250 then 11,500.
Key support is 11,000.
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