Thursday, January 5, 2023

NQ Guideline For Friday

Another down day for NQ on Thursday but it was very choppy and narrow-range as NQ continue to push deeper into oversold zone on the daily timeframe.

If NQ should break below double-bottom supports and triggers some sell programs we could see large liquidation decline.

The two key double-bottom supports are at 10,760 and 10,600. A break below one of these double-bottom supports could trigger massive selling.