Thursday, March 30, 2023

NQ Guideline For Thursday

On Thursday NQ opened with a gap-up above 13,000 key line-in-the-sand on the daily chart. 

After coming back down to re-test 13,000 broken resistance turned support, NQ then rallied and close near the day high, setting up a highly likely short-covering rally day..

If NQ could stay above 13,000 it would start to squeeze the shorts, and could start to rally quite quickly, with the next upside target at 13,350 to 13,500.