NQ Guideline For Thursday

A massive rally following Fed Chairman press conference on Wednesday. The big buyers is likely the Fed, and the buying is designed to squeeze the short-sellers to trigger a rally into the end of the year.

Following such a monster rally on Wednesday trapping a huge number of short positions, it may be enough to trigger a rally that last into the end of the year.

For NQ key resistance is at 13,000. Unless NQ drops back down below 11,400, the rally should continue with the first strong resistance at 13,000, and a good target to aim for.

On any pullback on Thursday, key support is at 11,870..

NQ Guideline for Wednesday

NQ traded down on Tuesday, the third down days in a row, As such it would either try to rally on Wednesday, with key inflection price level at 11,550. In order to rally, NQ would need to trade above 11,550.

NQ is bearish below 11,550, but it in order to start a large down trending day NQ would need to trade below 11,400 to start running over trailing stop-losses.

NQ Guideline For Tuesday

On Monday after a brief early morning rally, NQ trend down all day and then closed near the low of the day, below key inflection price level, 11,700.

11,700 will continue to be key line-in-the-sand going forward. If NQ is not able to rally back above 11,700, it is a indication that the bear market has resumed.

Going forward, key level to watch is 11,400 support, a key support because a clear and sustained violation of 11,400 is a confirmation that the next down leg has started.

On the short term intraday time frame, key inflection price level for NQ on Tuesday will be at 11,630, bullish above, and bearish below it, next support is 11,400.

NQ Guideline For Monday

NQ traded sideways over the last trading days as market participants were home for the Thanksgiving holidays.

With that holiday out of the way market participants can now get back to making their investment decisions again.

For NQ bigger picture, key inflection price level is at 11,700. If the current rally is still intact, NQ should trade above 11,7000 and continue to rally, with resistance at 12,00-12,100 price zone.

If NQ should trade below 11,700, it is an indication that the rally may be over and the the bear market is is going to resume, with key support at 11,400. NQ would need to break below 11,400 and continue to trade lower to confirm that the bear market has resumed.

On the short-term intraday time-frame, key inflection price for NQ on Monday will be at 11,770, bullish above it, bearish below it

NQ Guideline For Wednesday

Its Thanksgiving day on Thursday and the market will be closed. The market will be opened only half a day on Wednesday and also will only be opened half a day on Friday.

There is likely going to be very little happening for the rest of the week because most traders and investors will be on holiday.

We will be back on Monday next week.

NQ Guideline For Tuesday

A narrow-range trading pattern for NQ on Monday, with a slight bearish bias. It is likely setting up for a further decline perhaps to the next support level, 11,400

NQ or the general equity market may not make a major move until after the FOMC has released its policy statement. Even then, the market may not be making any major move until the Thanksgiving holiday on Thursday.

The stock market will close early on Wednesday , close on Thursday and close early on Friday.

NQ Guideline For Monday

NQ traded sideways in a narrow range trading pattern on Friday. Friday was the 3rd such choppy sideways day in a row. 

As such, NQ may be ready to trend again, the direction could be up or down, depending on where NQ would trade in relation to it inflection price zone, 11,700.

11,700 is key inflection price level, bullish above it and bearish below it, 11,400 support and 12,000-12,100 is resistance.

NQ Guideline For Friday

Another sideways trading pattern for NQ on Thursday. With Friday's tendency to have a choppy sideways trading pattern we could see a typical sideways trading pattern again, unless we get unexpected market moving news.

Key price level for NQ on Friday will be at 11,630 support and 11,770 resistance. 

We can have NQ trading in a sideways pattern above 11,770 or trading below 112,630 in a sideways pattern.  

NQ Guideline For Thursday

On Wednesday NQ opened below inflection price level and then dropped down to key support 11,700, but was not able to break below it. 

A bounce from support was so weak that it failed to break back above inflection price which then was acting as resistance. As such, NQ just trade sideways in a very unusually narrow price range.

On Thursday key price level will be at 11,700 as support and 11, 850 as resistance. A break out of the range is likely to cause a sharp large movement away from it.

Supports below 11,700 is 11,500 and 11,400. 

Resistances above 11,850 is at 11,950 and then at 12,050.

NQ Guideline For Wednesday

NQ opened with a large gap-up designed to trigger another round of short-squeeze to help NQ bust through strong resistance between 12,000-12,100, resistance generated by prior support, now turned resistance, prior swing low on the daily chart.

With inflection price level 11,875 which is right in the middle of the consolidation zone, we could see NQ either try to rally back up towards overhead resistance at 12,000-12,100 or drop back down to support at 11,650-11,700

gain, key inflection price level is at 11,875, bullish above it, bearish below it.

NQ Guideline For Tuesday

NQ traded sideways in a narrow-range sideways consolidation pattern on Monday. Normally after one day of consolidation, the trend, which in this current case is up, should resume after just one pullback day. Failure to do so is an indication the market is going to pullback deeper, for 2 to 3 days before resuming the trend.

As such, if the short-covering squeeze is still alive NQ should rally again on Tuesday. If so the resistances we should be watching are 12,000, 12,100 and 12,200, prior lows now resistances.

Key support is at 11,700. Trading below 11,700 could tank NQ down to 11,400 support

NQ Guideline For Monday

Friday was the second day of short-covering rally as the shorts were forced to cover. After two large up-day it is possible that NQ will go into a consolidation type of day. If so, we should see NQ dropping back down below 11,780 down to the next support level of 11,650.

However, if NQ could stay above 11,780, line-in-the-sand for NQ on Monday then we could also see another rally day, the third day in a row. with the next resistance zone at 12,000-12,100.

NQ Guideline For Friday

It has to be a coordinated central banks buying binge during very thin trading action overnight that cause the stock market to open with a giant gap-up inorder to trigger massive short-covering rally.

The result of the US election and the collapse of crypto exchange FTX must have panic the world central banks and government.

Now that they were able to push the stock market up above key technical price level, turn the market from very bearish to very bullish zone, we just have to wait and see if they are able to keep the stock market elevated.

Going forward, 11,200 will be key line-in-the-sand, bullish above it, and bearish below it.

For Friday, intraday support is at 11,500, and resistance at 11,750

NQ Guideline For Thursday

The election result, with the republican winning the house of representative is bearish for the market. As such the current bear market that started in November 2021 may have resume after a brioef pullback.

At the macro level, the next support is at 9,700, prior swing high from February 2020 swing high.

On the intraday 5-minute time-frame, key inflection price level for Thursday will be at 10,950, bullish above it and bearish below it with the next support level at 10,850 then followed by the second support level at 10,660

NQ Guideline For Wednesday

A sideways pattern for NQ on Tuesday as traders and investors look to the US mid-term election results to guide their trading actions.

Key intraday price levels to watch are 10,950 as support and 11,200 as resistance. As the results get reported we could expect some wild swings

NQ Guideline For Tuesday

A narrow range sideways trading action for NQ in the morning on Monday and hen rally in the afternoon.

With the US mid-term election happening on Tuesday, it would be very difficult to forcast the direction of the market as it react to election news.

Short-term ointraday inflection price level for NQ on Tuesday will be at 10,950 bullish above, with the next resistance at 11,200, and bearish below it wih the first support at 10,850

NQ Guideline For Monday

After selling off hard on Wednesday and Thursday NQ traded sideways on Friday, setting up for another sell-off day or a pullback rally day, depending on where NQ would trade at on Monday.

Key price level for NQ on Monday will be at 11,000 resistance and 10,700 support. Trading insides the range implies more sideways action.

Strong resistance for NQ is at 11,200.

NQ Guideline For Friday

NQ opened with a gap-down on Thursday but continue to trade sideways below prior day low, an indication of heavy selling in the market as traders and investors try to get out of their bullish position before a big crash.

Since Friday tends to be a choppy sideways trading price action, we could expected NQ trade sideways. However, if many investors are not willing to take risk over the weekend and instead, bail out of their bullish position we could see another large trending down day on Friday, with key support at 10,700.

NQ Guideline For Thursday

On Wednesday the stock market initially spiked upward after the FOMC decision, likely as a result of the Fed buy programs, but sellers came in aggressively because the Fed raised interest rate by 75 basis point, bad for the market.

The counter-trend bear market pullback may have ended today and the resumption of the bear market to begin.

Key inflection price level to watch for NQ will be at 11,000. Trading below 11,000 could starts to trigger massive liquidation of the bullish positio0ns that could lead to a large crash.

On the 5-minute intraday timeframe, key price level for NQ for Thursday will be at 11,200, resistance/support level.

NQ Guideline For Wednesday

A large down day for NQ on Tuesday. However, NQ remained inside a huge trading range between 11,000 support and 11,700 resistance for the last eleven trading days.

Key intraday line-in-the-sand for NQ on Wednesday will be at 11,450. bullish above with the next resistance at 11,600, and bearish below it with the next support at 11,200