Wednesday, May 24, 2023

NQ Guideline For Thursday

A sideways type of day for NQ on Wednesday. However, NQ has now rally about 200 points from the close in overnight trading. 

If NQ should open at around the current price level, 13,830, on Thursday we could see some sideways trading action, a pullback-down towards 13,750 price area, usually in a-b-c wave pattern, before rallying back up, as long as the pullback is choppy.

Key intraday support for NQ on Thursday will be at 13,750, bullish above, bearish below it.