High-Probability Large-Profit Trading Strategies for trading stocks, etf, forex, futures, options, commodities, etc.
A narrow range consolidation day for NQ on Thursday. The stock market may continue to trade sideways as Friday tends to be choppy.
Key inflection price level for NQ is still at 15,475, bullish above it bearish below it
The US credit rating downgrade trigger sell-off in the US market on Wednesday. NQ dropped down then close at key support, 15,475
For Thursday 15,475 will be key inflection price level, bullish above it, bearish below it. Next support is at 15,000-15,150
NQ remained inside the narrow range on Tuesday. Support is 15,474, and resistance is at 16,050. NQ needs to get out of the range to trigger a large range day. Until then, we can expect choppy narrow range days.
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