High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
A very large down day for NQ on Thursday. NQ low of the day was just above strong support, prior swing high from June and early July, now support, 15,400-15,500
It is very possible NQ may test support around 15,400-15,500 before bouncing and trade tideways on Friday.
On the 5-minute chart, key resistance is at 15,700. We could see strong short-covering rally if NQ trades above it, with strong resistance at 15,850.
The information provided here is for education and general informational purposes only and should not be considered an individualized recommendation or personalized investment advice.
The investment strategies mentioned here may not be suitable for everyone. Each trader or investor needs to review an investment and trading strategy for his or her own particular situation before making any investment and trading decision.
All expressions of opinion are subject to change without notice in reaction to shifting market conditions. Data contained herein from third-party providers is obtained from what are considered reliable sources. However, its accuracy, completeness or reliability cannot be guaranteed.
Examples provided are for illustrative educational (or "informational") purposes only and not intended to be reflective of results you can expect to achieve.
