Thursday, February 2, 2023

NQ Guideline For Friday

It took NQ just two day for NQ to reach near my upside target at 13,000 resistance and overbought price zone. NQ reversed down sharply in the afternoon on Thursday down to key support for Friday, 12,685 area.

For Friday, the release of the non-farm payroll report before the market open could change the market dynamic for Friday's trading. Key support is at 12,685, bullish above, bearish below.

There could be some profit-taking going into the weekend that could trigger a 2 to 3 pullback down days, with first pullback target at 12,500 then if that is violated the next lower target and strong support target is 12,150