Tuesday, April 4, 2023

NQ Guideline For Wednesday

Another narrow range consolidation day for Nq on Tuesday.With NQ closing right at it balance price zone, the direction of its movement on Wednesday will depend of where it trades in relation to its inflection price level, which for Wednesday will be at 13,230.

Above 13,230 we could see NQ rallying back up to retest Tuesday swing high while trading below it is an indication NQ is going into a deeper pullback down mode to retest breakout price level, 13,000-13,070.