Tuesday, April 25, 2023

NQ Guideline For Wednesday

NQ finally broke below support and then trend down all day. At the end of the day after the regular trading sessions has closed, some large buy program was triggered to push the market up. However, the trend down had started and should continue down.

Key intraday price level for NQ on Wednesday will be at 13,000 and it is a key resistance, with support at 12,750. Tradiong below 12,750 could cause another trend down day on Wednesday, above it implies likely sideways consolidation price action.