Wednesday, January 11, 2023

NQ Guideline For Thursday

A rally day for NQ on Wednesday, with the open near the low of the day and the close near the high of the day. 

As such, we can expect a high probability of a sideways consolidation day on Thursday with either morning rally then afternoon decline, or a morning sell-off that is followed by afternoon rally.

The CPI number to be released tomorrow could totally change the dynamics.

Key line-in-the-sand for NQ on Thursday will be at 11,385, bullish above, bearish below it.