High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
Another down day for NQ on Wednesday, traded sideways but it was a down day. The pattern looks like it may want to rally. However to rally, NQ would need to break-back above 11,000 and then stay above it to trigger some profit-taking activities that can cause a rally..
Staying below 11,000 is very bearish and could tank again to the next lower support level, wherever that may be. A strong support level is not until 9,500, previous swing high February 2020.
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.
