Wednesday, October 25, 2023

NQ Guideline For Thursday

Big sell-off in NQ on Wednesday and the selling has continued into the overnight globex trading session. It now has dropped down to its key 200-day moving average on the daily chart, and it is likely to break below it at the open on Thursday.

It could easily drop below it on Thursday especially if the 10-year bond yield is able to break above key 5% level.

The next strong support is at 14,000 level.

Gold and bitcoin is where many investors are putting their money as a safe haven asset.